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Rate Lock Advisory
May 13th, 2008 2:58 PM
Rate Lock Advisory - Tuesday May. 13th



Tuesday's bond market has opened in negative territory following the release of this morning's only economic data. The stock markets are showing losses with the Dow down 80 points and the Nasdaq down 13 points. The bond market is currently down 13/32, which will likely push this morning's mortgage rates higher by approximately .250 - .375 of a discount point.

The Commerce Department gave us April's Retail Sales data this morning, showing a 0.2% decline in sales. That matched forecasts, however, is more volatile auto sales were excluded, sales rose 0.5%. That reading was well above forecasts of a 0.2% increase, meaning with exception to auto sales, consumers were more active than many had thought. This is bad news for bonds because consumer spending makes up two-thirds of the U.S. economy.

Tomorrow's only relevant report is April's Consumer Price Index (CPI). It measures inflationary pressures at the important consumer level of the economy. Its results will be watched closely and can lead to significant volatility in the bond market and mortgage pricing. Current forecasts are calling for increases of 0.3% and 0.2% respectively in the overall index and the core data readings. The core data is the more important of the two since it excludes more volatile food and energy prices.

There are three reports scheduled over the remaining two days of the week, but none of them are considered to be of high importance to the markets. We will see April's Industrial Production Thursday and April's Housing Starts along with May's preliminary reading to the University of Michigan's Index of Consumer Sentiment Friday morning.

If I were considering financing/refinancing a home, I would.... Lock if my closing was taking place within 7 days... Float if my closing was taking place between 8 and 20 days... Float if my closing was taking place between 21 and 60 days... Float if my closing was taking place over 60 days from now... This is only my opinion of what I would do if I were financing a home. It is only an opinion and cannot be guaranteed to be in the best interest of all/any other borrowers.

©Mortgage Commentary 2008
Posted by Sandy Boci on May 13th, 2008 2:58 PMPost a Comment (0)

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Just Listed! 644 Guy Lombardo Ave. Freeport, NY 11520
May 9th, 2008 2:19 PM
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$449,000.00
644 Guy Lombardo Ave.

Freeport, NY 11520

Beds: 3.0 Rooms: 3
Baths: 1.00 Sq. Ft.: 0
Garage: 0 Built: 0
 
This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google Earth satellite
images, and much more.
 
If you have any questions
about this property or
require more information,
please feel free to call.

Sandy Boci
Sailing Home Realty, Corp.
516-428-6065
www.SailingHomeRealty.com
 
  Visit this listing at Here
Posted by Sandy Boci on May 9th, 2008 2:19 PMPost a Comment (0)

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Just Listed! 670 Warren St. Baldwin, NY 11510
May 9th, 2008 9:44 AM
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$679,000.00
670 Warren St.

Baldwin, NY 11510

Beds: 4.0 Rooms: 4
Baths: 2.00 Sq. Ft.: 0
Garage: 0 Built: 0
 
This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google Earth satellite
images, and much more.
 
If you have any questions
about this property or
require more information,
please feel free to call.

Sandy Boci
Sailing Home Realty, Corp.
516-428-6065
www.SailingHomeRealty.com
 
  Visit this listing at Here
Posted by Sandy Boci on May 9th, 2008 9:44 AMPost a Comment (0)

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Just Listed! 690 Guy Lombardo Ave. Freeport, NY 11520
May 7th, 2008 5:20 PM
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$949,000.00
690 Guy Lombardo Ave.

Freeport, NY 11520

Beds: 6.0 Rooms: 6
Baths: 3.00 Sq. Ft.: 4200.00
Garage: 2.5 Built: 1970
 
This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google Earth satellite
images, and much more.
 
If you have any questions
about this property or
require more information,
please feel free to call.

Sandy Boci
Sailing Home Realty, Corp.
516-428-6065
www.SailingHomeRealty.com
 
  Visit this listing at Here
Posted by Sandy Boci on May 7th, 2008 5:20 PMPost a Comment (0)

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Just Listed! 644 Foxhurst Rd. Baldwin, NY 11510
May 7th, 2008 3:05 PM
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$625,000.00
644 Foxhurst Rd.

Baldwin, NY 11510

Beds: 4.0 Rooms: 4
Baths: 2.00 Sq. Ft.: 0
Garage: 1.0 Built: 0
 
This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google Earth satellite
images, and much more.
 
If you have any questions
about this property or
require more information,
please feel free to call.

Sandy Boci
Sailing Home Realty, Corp.
516-428-6065
www.SailingHomeRealty.com
 
  Visit this listing at Here
Posted by Sandy Boci on May 7th, 2008 3:05 PMPost a Comment (0)

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Just Listed! 616 Demott Ave. Baldwin, NY 11510
May 7th, 2008 10:53 AM
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$459,000.00
616 Demott Ave.

Baldwin, NY 11510

Beds: 5.0 Rooms: 5
Baths: 2.00 Sq. Ft.: 0
Garage: 1.0 Built: 1942
 
This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google Earth satellite
images, and much more.
 
If you have any questions
about this property or
require more information,
please feel free to call.

Sandy Boci
Sailing Home Realty, Corp.
516-428-6065
www.SailingHomeRealty.com
 
  Visit this listing at Here
Posted by Sandy Boci on May 7th, 2008 10:53 AMPost a Comment (0)

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Just Listed! 711 William St. Baldwin, NY 11510
May 1st, 2008 4:52 PM
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$549,000.00
711 William St.

Baldwin, NY 11510

Beds: 3.0 Rooms: 3
Baths: 1.00 Sq. Ft.: 0
Garage: 2.0 Built: 1928
 
This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google Earth satellite
images, and much more.
 
If you have any questions
about this property or
require more information,
please feel free to call.

Sandy Boci
Sailing Home Realty, Corp.
516-428-6065
www.SailingHomeRealty.com
 
  Visit this listing at Here
Posted by Sandy Boci on May 1st, 2008 4:52 PMPost a Comment (0)

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Just Listed! 124 Smith St. Freeport, NY 11520
April 25th, 2008 2:35 PM
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Listings Photo
$115,000.00
124 Smith St.

Freeport, NY 11520

Beds: 1.0 Rooms: 1
Baths: 1.00 Sq. Ft.: 0
Garage: 0 Built: 0
 
This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google Earth satellite
images, and much more.
 
If you have any questions
about this property or
require more information,
please feel free to call.

Sandy Boci
Sailing Home Realty, Corp.
516-428-6065
www.SailingHomeRealty.com
 
  Visit this listing at Here
Posted by Sandy Boci on April 25th, 2008 2:35 PMPost a Comment (0)

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Just Listed! 136 Casino St. Freeport, NY 11520
April 25th, 2008 2:27 PM
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Listings Photo
$419,000.00
136 Casino St.

Freeport, NY 11520

Beds: 3.0 Rooms: 3
Baths: 1.00 Sq. Ft.: 0
Garage: 1.0 Built: 1958
 
This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google Earth satellite
images, and much more.
 
If you have any questions
about this property or
require more information,
please feel free to call.

Sandy Boci
Sailing Home Realty, Corp.
516-428-6065
www.SailingHomeRealty.com
 
  Visit this listing at Here
Posted by Sandy Boci on April 25th, 2008 2:27 PMPost a Comment (0)

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Just Listed! 609 Irving Pl. Baldwin, NY 11510
April 8th, 2008 4:41 PM
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Listings Photo
$389,000.00
609 Irving Pl.

Baldwin, NY 11510

Beds: 3.0 Rooms: 3
Baths: 1.00 Sq. Ft.: 0
Garage: 1.0 Built: 0
 
This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google Earth satellite
images, and much more.
 
If you have any questions
about this property or
require more information,
please feel free to call.

Sandy Boci
Sailing Home Realty, Corp.
516-428-6065
www.SailingHomeRealty.com
 
  Visit this listing at Here
Posted by Sandy Boci on April 8th, 2008 4:41 PMPost a Comment (0)

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