Today’s Rate Lock Recommendation: 10/17/2013

Freddie Marmolejo (512) 799-0133 Let’s Talk. ANMC>Your FHA |VA, JUMBO Mortgage Depot!

The government shut down has ended and has been funded through January 15 while debt limit ceiling has been extended through February 7.

Mortgage Bonds are higher on a big drop in Stock prices after Goldman Sachs and IBM reported revenues that were less than expected.

In economic news, weekly initial jobless claims fell in the latest week, but still remain in the 350,000 range as the labor markets remain sluggish.

I am recommending to float your rate lock, but be aware that sentiment can quickly reverse.  I will get back to you if anything changes.

 

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