Today's Interest Rate News
March 27, 2015; 9:50am
Interest rate trends: Today – Lower; 10 days – Flat; 25 days – Flat
Interest rate recommendation: Locking bias
Mortgage bonds (MBS’s) are rebounding slightly from the last two days of selling off. Currently MBS’s are better by +13bps. The final read on Q4 GDP was unchanged at 2.2%, but the problem is the corporate profits segment of the report was way off and down significantly. 1st quarter GDP 2015 is looking flat at around zero (0). Consumer Sentiment came in slightly lower than the prior reading. Interest rates came out really good, we will maintain our locking bias recommendation as we go into the weekend. Next Market News will be released on Thursday April 2nd. Have a great weekend and nice Spring Break!