Today's Interest Rate News
April 17, 2015; 9:32am
Interest rate trends: Today – Slightly higher; 10 days – Flat; 25 days – Flat
Interest rate recommendation: Locking bias
Mortgage bonds (MBS’s) are trading slightly lower this morning, currently at -8bps. In economic news this morning, the CPI (inflation index) came in right on expectations at 0.2% for March and the Consumer Sentiment increased to 95.9. There wasn’t much movement in interest rates this week and there doesn’t look to be much reason for interest rates to move much next week, based on economic reports due out next week. Current MBS prices (interest rates) are at really good levels, currently better than the 25, 50 and 100 day moving averages. Without any convincing reason for interest rates to move lower, we will maintain our locking bias and enjoy these low rates. Have a great day and enjoyable spring weekend!