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Check out this video on this mornings recent MBS activity….Floating both long and short-term now…
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This week we are looking at Bond auctions and some inflation reports at the end of the week, click to play the rate report and find out if I’m locking or floating… Don’t forget to subscribe!
Rates stay pretty much unchanged this week, with little economic news reported. Take a look at the chart and notice how a crossroad is emiment in the very near future. MBS are near unchanged today…lock short, float long.
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This week in preview we look to Thursday for the only real market moving reports, also I am recommending locking 30 day closings and floating longer transactions. Mortgage rates improved from last week. Volatility should be low this week. MBS are still pressed up against the 200 day moving average.