Everyone is back from the holidays and we are starting to get back to more normal trading volumes, etc…
Employment number was somewhat of a dis-appointment today and initially market reacted negatively, however ended the day almost unchanged.
Today it looks like we may have seen the end of rates with no points below 5%, however that is always subject to change and a little early to tell starting off the year…many still feel that rates are more likely to rise based upon current economic data and potential rebound in the economy…however housing is still lagging!
Rates for 30 year fixed rates are averaging in the low 5′s…which are still great rates and we just need to keep reminding everyone!
Have a great weekend…
