Today’s Mortgage Rate Lock Recommendation: February 20, 2014

By Freddie Marmolejo  Let’s Talk. (972) 535-5935  Texas and FHA | VA | JUMBO |Reverse Mortgage  nmls# 328534   Rate Quote Here ==>www.bbvacompass.com/mortgages/fmarmolejo

Uncertainty surrounding yesterday’s Fed minutes coupled with a breach below the Triple Lindy of support for the benchmark 4% coupon is pushing Mortgage Bond prices lower this morning.  Rate Lock

In economic news, Weekly Initial Jobless Claims were nearly unchanged in the latest week, while inflation at the consumer level remained tame. 

I am recommending to carefully float, but be ready to lock, as Mortgage Bond prices are drifting lower.

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