Here’s whats cued up for today:
- any moment Treasury Secretary Geithner will unveil his plan on what to do with the remaining TARP funds.
- 9:00am PST the Senate is scheduled to vote on the latest stimulus package.
- 10:00am PST Federal Reserve Chairman Ben Bernanke will be speaking to the House Financial Services Committee.
- 10:00 am PST the Treasury will action $32B in 3-year Notes.
Currently rates are slightly improved from yesterday. If you’re trying to “catch” a low rate, be sure to have your application in with a mortgage professional (they can hold off on ordering title, escrow and appraisal until you lock). Be prepared to let them run your credit–it’s needed in order to property lock and price your mortgage.
And what ever you do–do not have double applications or locks with more than one mortgage professional. I’ll write more on this later…it puts mortgage companies in great risk of losing their relationships with lenders due to lock fallout….which in this market, can make or break it for some.