104.00 Breakout

Today we broke through the 104.00 price point which has been acting as resistance to our market. This has lead to very good rates moving into the weekend. We will have our open house flier published shortly to compliment your marketing material this weekend at your open houses.

Monday will be a very interesting day, which we are hoping provides additional support to our market moving forward. Assuming we do not sell off it will mean 104.00 is beginning to turn coat, acting as support as opposed to resistance, which has been its authority recently.

Currently purchase loans should consider 45 days, although a 30 day escrow is still achievable if the borrower is prepared with supporting paperwork.

These rates are what we have all been hoping for. Let's make the most of our market while these rates are so low.