Today's Interest Rate News
July 20, 2016; 8:07am
Interest rate trends: Today – Flat; 10 days – Higher; 25 days – Lower
Interest rate recommendation: Locking bias
Mortgage Bonds (MBS’s) are flat to slightly worse this morning, with MBS’s currently at -9bps. We will change to a locking bias recommendation, especially since some rates came out better than yesterday. Take advantage of this morning low rates, lock and enjoy! There were no economic reports released today, but tomorrow we will get the Philly Fed Business index as well as the Initial Jobless Claims. Have a great day!