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Oct 31 2014, 10:32AM MT
Today's Interest Rate News
October 31, 2014; 10:19am
Interest rate trends: Today – Slightly Higher; 10 days – Flat; 25 days – Flat
Interest rate recommendation: Locking bias.
Mortgage bonds (MBS’s) are slightly worse this morning on better than expected economic news. Chicago PMI took a jump up to 66.2, well above the 60 expected! Personal Income increased +0.2%, slightly lower than expected, but continues the increasing trend. The Bank of Japan announced an increase to its QE program, they are increasing it to a U.S. equivalent of $2Trillion! Double that of what the FED did here in the U.S.! Both Stock markets and bond markets are reacting to this news. With positive economic news, we will change to a locking bias. Have a great day and safe Halloween!
Phone: 800-706-6648 | Fax: 800-660-9110
Great American Lending LLC (NMLS# 201546) | 845 E. 3450 N., North Ogden, Utah 84414