Today it would appear that most mortgage companies are looking at the very good December that they had in fundings, are thinking about what January is going to look like given the strong locks last month, and management is examining staffing and overhead – possibly eyeing expansion again!

The 10-yr is waffling around 2.18%, but given the lack of correlation between those rates and mortgages lately, it doesn’t have a big bearing on conforming rates, and certainly not jumbo rates. Conforming conventional mortgage pricing should be about .125 in price better than Wednesday, which should help anyone who opted to lock today instead of Wednesday. There was no mortgage-related news over the holiday, no announcements from investors that I saw, and there is no real economic news scheduled for today.

So rather than me trying to filibuster, enjoy the day and the weekend!