Treasury Auction - rate drop?

There is supposed to be a treasury auction today, which could drive rates down. With poor or flat lined numbers that have been coming out, people could make a short term move into treasuries. This demand could push the yields down and cause rates to follow.

I'd be on the lookout for a small swing down. Anyone that's on the fence or has a loan in process that's not locked, should look to maybe lock. As I always say, no one can predict what the market will actually do and what the banks do based off this market (the current prices might already reflect what the banks think is going to happen). BUT, I'd bet on rates going in the red which is always nice even just a little bit.

As someone who will tell you, you're not going to hit rates at the bottom, this is one of those swings I'd jump on and let the chips fall where they may. If rates drop we'll have a week or so to capitalize so let's not waste it.

Call me 818 264-0999 to discuss any scenarios you may have.

Willie