4/14/14 – Rate update

The mortgage bond market is slightly down today.  We are negative 17 basis points for the day.  Rates have been trending lower in the last week.  Tomorrow, the CPI is expected to be up .1% overall and the core rate, so this could be a small factor in determining the movement of the market tomorrow. 

Let's keep our fingers crossed that we see an up-tick in Mortgage Back Securities this week so that rates improve…….

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>