Rate Lock Advisory

Friday, April 19th

Friday’s bond market has opened in positive territory, but not enough to erase yesterday’s late selling. The major stock indexes are mixed again with the Dow up 199 points and the Nasdaq down 63 points. The bond market is currently up 3/32 (4.61%). However, that weakness during afternoon trading yesterday is going to cause this morning’s mortgage rates to be approximately .125 of a discount point higher than Thursday’s early pricing. If you saw an intraday increase yesterday, you may see no change this morning.



30 yr - 4.61%







Mortgage Rate Trend

Trailing 90 Days - National Average

  • 30 Year Fixed
  • 15 Year Fixed
  • 5/1 ARM

Indexes Affecting Rate Lock



Geopolitical/Financial Issues

We don’t have any relevant economic data scheduled for release today. News that Israel made an attack on Iran last night could have fueled a nice bond rally this morning. It looks as if the markets are waiting to see if the conflict will escalate further or if last night’s strike was more of a token move by Israel to save face in the global community. It will be interesting to see what transpires over the weekend.



Gross Domestic Product (GDP)

Next week has plenty of relevant economic reports scheduled that are expected to influence mortgage rates, along with a couple of Treasury auctions. The week begins light with nothing expected to be released Monday. The most important events come during the latter days, including the initial Gross Domestic Product (GDP) reading for the first quarter and the Fed’s preferred inflation reading for March. Look for details on all of next week’s activities in Sunday evening’s weekly preview.

Float / Lock Recommendation

If I were considering financing/refinancing a home, I would.... Lock if my closing was taking place within 7 days... Lock if my closing was taking place between 8 and 20 days... Float if my closing was taking place between 21 and 60 days... Float if my closing was taking place over 60 days from now... This is only my opinion of what I would do if I were financing a home. It is only an opinion and cannot be guaranteed to be in the best interest of all/any other borrowers.

Secured Horizon Financial Group

Best Award Portfolio Lender

1801 NE 123 St Ste 314
North Miami, FL 33181