Rayb,,,
Curious what your contacts are predicting for the next few weeks…
Next weeks averages will be interesting again.
This past week was pretty quiet. Prime conforming rate was around 4.75%-4.875% much of the week, but spiked up on Friday to 5.00%+
Jumbos are well off their lows also…
Compared to previous weeks of some crazy volatility, this week was tame.
For those waiting for lower rates, at the moment, the market has gone thousands of dollars against you.
You may have missed the opportunity for historically low rates…. and are now like deer in headlights, not knowing what to do.
I’m still amazed at the number of people recently who thought that rates just had to go lower which tells me that we may have seen the lows and are well off them.
Greed combined with foolishness is a dangerous thing.The masses are usually wrong.. HLS
