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Nov 25 2014, 10:20AM MT
Today's Interest Rate News
November 25, 2014; 10:21am
Interest rate trends: Today – Slightly lower; 10 days – Slightly lower; 25 days – Flat
Interest rate recommendation: Very cautious float
Mortgage bonds (MBS’s) started the day out flat, but have improved in the last few hours on worse than expected economic news here in the U.S. Consumer Confidence data came in at 88.7, below the 96.0 expected. MBS’s currently at +6bps. We will continue our cautious float recommendation, but will likely change to a locking bias by days end due to the economic reports coming out tomorrow and the long holiday weekend. We have a lot to be thankful for, we surely thank you for your trust and friendships. Have a great day and extra nice holiday weekend!
Phone: 800-706-6648 | Fax: 800-660-9110
Great American Lending LLC (NMLS# 201546) | 845 E. 3450 N., North Ogden, Utah 84414