Today's Interest Rate News
April 29, 2016; 8:36am
Interest rate trends: Today – Flat; 10 days – Higher; 25 days – Flat
Interest rate recommendation: Locking bias
Mortgage Bonds (MBS’s) start the day off slightly worse to flat this morning, similar to yesterday and the day before. The difference is the last two days we saw improvement towards the end of the day and although we hope for that to happen again today, we are being conservative and taking a locking bias recommendation and enjoy the improved pricing we are seeing now. In economic data this morning there wasn’t anything exciting, most reports were close to expectations and thus not much market movement. Lock and enjoy! Have a great day and nice weekend!