DAILY MORTGAGE RATES IN NAPLES FLORIDA
National Average 5.33% with 1% loan origination
Our rates 4.875% with 1% loan origination
5.125% with NO points
MARKET UPDATE:
Better than expecting earnings have caused the stock market rally this afternoon. Consumer are still wary of the market as a whole. Yesterday was a major sell off on the stock market. The bond market was relatively low today but has increase since this AM. The ten year bond which is a leading indicator of where rates will go is up 3.5% from a close of 3.491%. I would recommend locking this afternoon, as I expect rates to go up tomorrow.
