01.26.16- Market's will be nearing normal from Snowmageddon.
Nothing much worth watching today, housing prices through November are out and were up showing the fastest pace of rising prices in 16 months. Consumer confidence comes out at 9 am and may show confidence has been shaken with the market and oil losses. But previous confidence reports haven't been factoring into the numbers, consumers may feel the stock losses are in line with growth and can afford some losses and that low oil increase consumer spending with low fuel costs? Asian Markets are still a train wreck with daily 2% total market losses. Bunches of cash nearing a billion being pulled by investors from high risk funds plus the end of year withdraws from Corporate Bonds. Feels like a cliff is nearing and everyone is grabbing a parachute of cash to land safely. The cliff continues to lean towards more stock losses which would make the low Treasuries yields forecast come true. I guess we will wait and see how things shape up. Still great rates and trying to hold unchanged levels.
Another great day to lock your loans. Perfect and less than perfect rates for today: No lender fees, No origination or discount fees and never an application Fee.
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