Although home loan borrowing costs improved slightly today, Best Execution mortgage rates remain in a holding pattern ahead of tomorrow's high-risk FOMC Statement (Fed Rate Decision).  It's going to take a sustained effort, catalyzed by something like a bond-market-friendly reaction to tomorrow's announcement if Best Execution mortgage rates are to break their current barriers.   We discussed those barriers in THIS POST.

The nice thing about the current situation is that while tomorrow's events present "high risk," they arrive while mortgage rates are near or below their very best levels in months, meaning that there's no reason to second guess locking if so inclined, yet still enough possibility of improvement for more aggressive or risk-tolerant outlooks

 10:40:09 AM Thursday, April 28, 2011

Karl LeBlanc Makes Mortgage lending Easy again

Leaderone Financial

Serving the Great Border States Of Texas and Louisiana Respectively

281-298-5322

4810 West Panther Creek Ste 106

The Woodlands Tx 77381

7810 East FM 1960

Humble Tx 77346