"Week of Monday March 27th Loan Market Outlook" by Charlotte Home Loan Broker Lee Sharpe. Overall, look for Tuesday to be the most important day, not only for having the CCI released, but also the FOMC meeting. There is little doubt in my mind that we will see a fairly significant change in mortgage rates this week, but the question is which direction they will move. I believe that the key is the Feds comments Tuesday afternoon. Also, possible wildcards are the 2 year and 5 year Note auctions. If they are met with good demand and the Fed gives us favorable news, we should see mortgage rates move lower considerably this week.

If I were considering financing/refinancing a home, I would.... Lock if my closing was taking place within 7 days... Float if my closing was taking place between 8 and 20 days... Float if my closing was taking place b etween 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.

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