I checked rates today and we are up about 32 bp (basis points) and are still hovering around the 4.75% mark on a 30 fixed, so lock ‘n load if you can.

No major reports today, but tomorrow’s Consumer Confidence report will have an impact in my opinion. What this reports does is detail the attitudes on present economic conditions and what consumers (YOU AND ME) expect to happen in the future, and this has a pretty big impact on stock and bond markets.

On Wednesday, the MBA (Mortgage Bankers Association) Purchase Applications report and the Jobless Claims Report will be coming out, in which last time was nearing the 7% mark.

Without going into too much detail, I would recommend locking something in at the moment. No point in risking ANYTHING with prices being this good. I don’t think this holiday season has been the best in terms of spending, and with the Hamas and Israel conflict going on too, this is definitely going to have a negative impact on oil prices which will hurt interest rates.

Take my advice and thank me in ’09.

Hope you all have a safe and great New Year!