The market is on Fire, again. This is a rollercoaster of market activity, so I recommend that you get your ducks in row now. Overall, look for Wednesday or Friday to be the biggest days for mortgage rates. Wednesday's GDP and Friday's Employment and ISM reports are the most important pieces of data, but we may see quite a bit of movement in rates tomorrow or Thursday also. If we see weaker than expected results from the most important reports, we should see rates close the week much lower than last Friday's closing levels. If the data shows stronger than expected results, we may see mortgage rates move higher again this week. This is of course, assuming that Wednesday's Fed meeting adjournment doesn't reveal any surprises. Please contact me if you have any financing questions including the Fed's proposed increase in Conforming loan limits. Who do you know who has been considering refinancing? Please get them in touch with me ASAP: Pat Townsley, Mortgage Broker; 415-485-1776 and http://www.ptre.net/