Mortgage Rate Lock Recommendation: February 24, 2014

By Freddie Marmolejo. Your Texas JUMBO | FHA | VA Lender. Let’s Talk (972) 535-5935 nmls# 328534

Mortgage Bonds begin the week near unchanged levels, weighed down by the continuing rebound higher in Stocks. Additionally, the specter of the Treasury selling $96B in Notes and Bonds this week is adding some weight to the Bond Market.

There are no economic reports today, but the rest of the week’s calendar features housing, manufacturing, U.S. growth from GDP data, along with the usual weekly initial jobless claims readings.Lock rate

I am recommending locking in the short term, which is measured in a few days to a few weeks. If anything changes, I will get back to you. 


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