Friday, May 07, 2010

Crazy Day of Trading

Yesterday, if you aren't aware of how volatile the market was, a big error occurred.  Someone pushed the wrong button on a sell order and the market just went haywire.  The fixed it, but boy, what a ride.  Today, we are currently down 3 basis points for the day, but were much higher this morning.  There was an alert to lock today, however, if you aren't closing escrow in the next to weeks or so, floating may prove to be the best option.

Your Eyes, Ears and Voice in Mortgage Finance,

Jeff Eisenberg

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