Today's Interest Rate News
December 1, 2015; 9:38am
Interest rate trends: Today – Lower; 10 days – Lower; 25 days – Flat
Interest rate recommendation: Very cautious float
Mortgage Bonds (MBS’s) are doing well this morning, perhaps due to the ISM Manufacturing PMI index coming in lower than expected. Currently MBS’s are rallying at +25bps. Nice! MBS’s have improved sufficient in the last two days to currently be better than the 25 & 100 day moving average, and only slightly worse than the 50 day moving average. We are continuing our very cautious float recommendation because we really like what the market is doing right now, but will still likely lock going into Friday’s NFP Job’s Report for November. Have a great day!