Just when everyone thought rates were on a straight trend line pointing down! A few days ago, on Friday, December 4, 2009, there was a fairly bullish jobs report. Bond yields jumped up, hence, interest rates rose a bit. For a few days, I was locking-in clients interest rates at 4.75% with zero points on a 30 year fixed-rate conforming loan (which is a loan that is equal to $417,000 or less). Read the rest of this entry »