Today's Interest Rate News
August 28, 2015; 9:03am
Interest rate trends: Today – Lower; 10 days – Flat; 25 days – Flat
Interest rate recommendation: Cautious float
Mortgage Bonds (MBS’s) were weak yesterday until the results of the 7 year treasury auction and some dovish comments by one of the Federal Reserve Board members. Since that time, afternoon yesterday, we have seen MBS’s improve and they continue this morning. We are thus changing to a cautious float recommendation to see if we can get slightly better pricing today. In economic news this morning, there were no surprises. Rates are great. Have a nice day and wonderful weekend!