Today's Interest Rate News
September 28, 2016; 8:31am
Interest rate trends: Today – Flat; 10 days – Lower; 25 days – Flat
Interest rate recommendation: Locking bias
Mortgage Bonds (MBS’s) remained flat yesterday and have kept that same direction today. MBS’s currently flat 0.0bps, where up +2bps moments ago. Interest rates remain the same and lender credits did not change either. Rates are looking really good and with the Durable Goods Orders coming in at expectations and the Bullish comments from the ECB’s Draghi this morning, it is amazing that MBS’s remain resilient. We continue our locking bias recommendation as it appears pressure is mounting for a reversal of some sort. Lock and enjoy! Have a great day!