Today's Interest Rate News
February 10, 2016; 8:54am
Interest rate trends: Today – Slightly higher; 10 days – Lower; 25 days – Lower
Interest rate recommendation: Locking bias
Mortgage Bonds (MBS’s) continue have taken some correction this morning, along with Equities (Stocks). However MBS’s are better now than they were an hour ago and appear to be improving from early morning highs. Mme. Chair Janet Yellen is testifying before Congress at this time. We have changed to a locking bias, but we are watching MBS’s very closely and if they keep improving from earlier highs, we will wait and see what happens throughout the day. No economic reports due out today, interest rates will react to Yellen and stocks today. We’ll be watching them very closely. Interest rates remain at great levels. Have a great day!