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|Conv. 30 Yr Fixed|
|Jumbo 30 Yr Fixed|
Oct 20 2014, 12:52PM MT
Today's Interest Rate News
October 20, 2014; 9:09am
Interest rate trends: Today – Flat; 10 days – Lower; 25 days – Lower
Interest rate recommendation: Locking bias
Mortgage bonds (MBS’s) are trading flat this morning with no meaningful economic news to influence trading. The Stock market will thus be looked at as the catalyst for any movement in interest rates today. This week is a little weak in economic news with Existing Home sales on Tuesday, CPI on Wednesday, and New Home Sales on Friday. MBS’s are still at their best levels all year, meaning interest rates will be at their best levels seen this year. We maintain our locking bias recommendation due to recent volatility and current great levels. Have a great day!
Phone: 800-706-6648 | Fax: 800-660-9110
Great American Lending LLC (NMLS# 201546) | 845 E. 3450 N., North Ogden, Utah 84414