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Can mortgage rates change on Veterans Day?

 
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SassyOne



Joined: 01 Dec 2004
Posts: 4
PostPosted: Tue Jun 21, 2005 10:14 am    Post subject: Can mortgage rates change on Veterans Day? Reply with quote
I am a Mortgage Broker. I was checking on rates for a client last Friday 11-9-07. He decided to wait until Monday 11-12-07 to lock a rate. The markets should be closed for Veterans Day. Why did the rates change? Hedging? Please help.
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MildredS8245



Joined: 15 Jun 2005
Posts: 5
PostPosted: Mon Jul 25, 2005 1:36 pm    Post subject: Can mortgage rates change on Veterans Day? Reply with quote
What you are saying does not make any sense, why would you wait until Monday instead of locking Friday if you didn't expect a change? Closed for Veterans day or not the soonest you could lock would be during a time that it could change ... right? Were you planning on locking the milisecond markets opened Eastern time on Tuesday?
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