#BREXIT: Go day-trade your mortgage on Friday 6/24/2016. Really.

[Chris Mason]

Honestly, I have no idea what the future will hold. Also as always, day-trading is bad and the Real Estate Gods will screw you 9 times out of 10 that you try it.

But a picture like this below tells me that interest rate pricing on 6/24/2016 will be staggeringly different from where it was at today or yesterday.... or at any point within the last 12 months. This might very well be the 10th time out of 10, where the Real Estate Gods are trumped by the market.

It's going to be way better, or way worse. Usually 10 year t-note being stupid low means it'll be way better for borrowers. 

But either way, if you've got a refinance that's been on your to-do list, Friday 6/23/2016 would be a good day to call your trusted loan professional. If you're in escrow and have been on the fence about locking, please go have that conversation tomorrow at 9 am.

As always, do not contact me if you are not in California or if you already have a relationship with a trusted mortgage professional (unless you're just pissed off at her or him for not being the one to make you aware of this, of course). 

Good luck with your day trading!

(Also: Never day-trade.)

[Michaela G.]

Very interesting!

And thank you for this valuable information. I was just this morning thinking about a post that you made, admitting that you're hoping to get business from your participation on BP, but that you're also here to share your knowledge and if you end up getting business from that, then great.

I get notification for 'Atlanta' and so many of the posts are now from wholesalers that are trying so hard to get business and when you look at their previous posts then that's all they post: contact me and I can get you properties' etc. Or wholesalers that are writing to me directly, saying they want to network and when I look at their post history, it's only selling themselves, not giving anything. I'm so tired of those people and clearly, their credibility is in doubt, as far as I'm concerned. 

Don't know if that's also happening in other cities, but Atlanta is full of it. ...