Friday 12/5 ... Reprice Risk Increasing

By: Victor Burek

Just created new lows again, currently 100-24, lenders may consider a reprice for worse.  As i was typing this we just moved higher and are currently at 100-28.  Very volatile, so if you have a weak stomach you may want to lock.  If the lender you are using has already repriced, then float as the new rate sheet will already have done its damage.