Any Stock Market correction will not result in much change to mortgage rates.  The estimated maximum reduction is 25 basis points.

We are continuing to follow how the Fed will react to the Job's Report and the Payroll increase.  The Fed will continue to buy Mortgage Backed Securities through the end of this year.

Rates are not expected to rebound anytime soon.
We are keeping a close eye on the 10 year note and any increase would result in us suggesting to any potential borrowers to get off the fence and lock in while these near historic interest rate lows are obtainable.

-Nancy Bierman