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Interest Rates: This Morning (First Thing) Will Be a Good Time to Lock

IMHO, today will be a good day to lock an interest rate on your purchase if you do it first thing this morning. The US stock market was down nearly 200 points yesterday. Asia followed while you were eating dinner yesterday on the east coast, with a drop of more than 233 points on the NIKKEI index. It's the middle of the night on the west coast right now, and Europe is still in the up column, but barely, on news that business confidence in Germany unexpectedly rose this month. US index futures are up, so if you're going to lock, lock early.

I'm Mike in Tucson, your preferred Tucson, Arizona Mortgage lender.
Mike Jones (Tucson Mortgage Company, LLC): Loan Officer in Tucson, Pima County, Arizona
Think of me as your Local Expert.

Posted Wednesday May 21

Mike, thanks for the morning update. Have a great day!

That's good information- thanks!

you certainly have you finger on the pulse of things! thanks for the update/info!

Sounds like good advice. I have had a message to buyers LOCK and don't worry about the changes.

( 05/21/08 01:09PM ) — Eleanor Thorne, Cary Mortgage Loans

Nice job polishing that crystal ball!

( 05/21/08 01:42PM ) — Mike Jones

Eleanor,


Now if I can keep from dropping it on the concrete...


Terry,


If you like it, lock it!


Charles,


thump-thump!  thump-thump!  thump-thump!


Judy,


You're welcome.  thanks for commenting!


Lisa,


I'll do that!  Thanks for being the first to comment.


Mike in Tucson

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