Got this from Cyd West, Senior VP at First Community Mortgage, and I thought that it would be beneficial for everyone looking for homes.

Jean – This is what the experts are saying today. The water is definitely choppy in the bond market, so be prepared to change course!

“Up and down we go, as the volatility continues. Mortgage Bonds are trading lower this morning--after closing higher the last four trading days.

With no economic news today, bonds will likely dance around based on technical signals like resistance and support. As long as the Bond remains above the 50-Day and the 100-Day Moving Average, prices may move higher and break above resistance at the 25-Day Moving Average.

With that, I recommend floating. But, if prices should fall below this layer of support, I may quickly switch to a locking stance. As your mortgage advisor, I will keep you posted.”

Don't forget to check our websites (www.shineteam.com and www.jeanshine.com) for the latest updates on our listings.

Have a Super Fantastic day!!
Jean