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Aug 29 2014, 09:18AM MT
Today's Interest Rate News
August 29, 2014; 9:22am
Interest rate trends: Today – Lower; 10 days – Slightly lower; 25 days – Lower
Interest rate recommendation: Locking bias.
Mortgage bonds (MBS’s) continue to move sideways to slightly lower this morning, a trend that is has been going on for 8 straight trading days. Today’s economic news came in worse than expected and normally would have helped MBS’s improve more than they have, but lately MBS’s haven’t been as volatile on economic news. It appears investors eyes are more on European economic issues. Granted the U.S. economic numbers have been lackluster, some slightly better and some slightly worse than expectations. Interest rates held steady from yesterday and we will maintain our locking bias recommendation. Have great day and enjoyable summer weekend!
Phone: 800-706-6648 | Fax: 800-660-9110
Great American Lending LLC (NMLS# 201546) | 845 E. 3450 N., North Ogden, Utah 84414