Rate Update for July 10, 2008

Mortgage rates have come down by .25%-.375% over the past week. In the absence of any scheduled economic data our attention is focused on the stock market and technical trading patterns.

Watch today’s you tube video to get an understanding of how the technical trading patterns have shifted our near-term outlook for mortgage rates.

Current Outlook: locking bias

The views and opinions expressed in this site are those of the author(s) and do not necessarily reflect the official policy or position of Cherry Creek Mortgage Co., Inc. This is for informational purposes only. This is not a commitment to lend.