Today's Interest Rate News
January 12, 2017; 8:14am
Interest rate trends: Today – Lower; 10 days – Slightly lower; 25 days – Slightly lower
Interest rate recommendation: Cautious float
Mortgage Bonds (MBS’s) are rallying this morning, looking good at +27bps. In economic news, Jobless Claims came in 10k more, but better than expectations. The Fed’s Bullard commented that Trump economic policies will have little impact this year, and there is no reason to raise rates further now. Interest rates improved today as seen below. We will continue our cautious float recommendation while we see improvement in MBS’s. Tomorrow we have a slew of economic data, so be ready to lock just in case. Have a great day!