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key point is volatility i suppose. not a great time to roll the dice with a float to close the year.
I locked my last client for the year when the 10 year was at 2.14%
Rate locks can be tricky because people can get emotional about it, but the YSP spreads on credit is really a big factor in locking these days.
We had a mini taper move this year when 10's went from 1.64% - 2.50% a lot people were pissed when they didn't lock...
If Rapping Yellen Doesn't raise I will be pissed
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2 year which needs to be over .80% is now at .90%
#Housing #Economics