
Short term the outlook is for stable or slight improving rates, while the long term outlook remains in favor of rising rates. When rates do finally make the turn around and head higher, it will happen very quickly. At this time it's best to advise your buyers to get off the fence and take advantage of what are still historically low rates.
Do not forget that the markets will close at 2:00 p.m. in Thursday and will be closed all day Friday, so any action that is going to take place in the Mortgage Backed Securities markets will do so by Wednesday.
It is our hope everyone has a safe holiday weekend.
Michael Liles NMLS# 91257
Director of Secondary Marketing
Advantage Loans, Inc.
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