TWINS WIN game 163!!! Oh, and this weeks market update...

Good Morning!

We have been fortunate to see rates drop even lower than last week. This was mainly due to last Thursday’s jobs report being released with higher than expected numbers. Mortgage backed securities are now backing off the gains for the first time in a few days which means we should see rates move back up going into the end of the week. One interesting thing to note (well interesting to me anyway); this marks the second time this year we have seen rates this low going back to May as the previous time we watched this level hit. Anytime the rate gets below five, I suggest taking advantage before it is too late for anyone who missed the boat refinancing.

So, on to more important news than the weekly rate minutia; TWINS WIN!!!! Shannon and I were lucky enough to pick up tickets to the game at her insistence and for her only game of the year, I like to think that my wife brought some good luck. Whether or not the Twins can pull out the next series, that was a game for the ages. They made a fun final run in the dome.

Have a good week.

-Matt

30 year fixed: 4.625%

15 year fixed: 4.25%