Today's Interest Rate News
October 24, 2016; 8:41am
Interest rate trends: Today – Rising; 10 days – Higher; 25 days – Higher
Interest rate recommendation: Locking bias
Mortgage Bonds (MBS’s) started the day out nicely, but have turned worse and continue to worsen. Thus our locking bias recommendation. Interest rates came out the same as last Thursday and Friday with lender credits either being the same or slightly worse. The Fed’s Bullard is calling for 1 rate hike in December as sufficient at this time. There is plenty of economic data being released this week to make the week volatile, another reason locking is a good call at this time. Have a great day!