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Today's Rate Volatility:
HIGH
What happened yesterday?
Mortgage backed securities (MBS) lost -68 basis points
from Friday and closed at their worst levels of 2013 which means that
you saw your highest rates of 2013.
MBS started the day selling off (worse pricing for you) as speculation among bond traders that the Fed would begin tapering their monthly MBS purchases on Sept 18th continued to mount. There were no economic release or Treasury auctions. Once again, the stock market and bond market moved in the same direction (both sold off).
What is on the agenda
for today?
Don't miss out on the mortgage industry's premiere insight and
commentary. Subscriber to RateAlert Executive today and get today's lock
advice, and watch the full Morning Coffee Update video with Bryan McNee - all
available only to our Executive subscribers.
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Global Home Finance Inc is saving Texas One Home Owner At a Time. We offer Conventional, FHA, VA, Jumbo, and USDA Rural Development products to help refinance or purchase a home. Visit us online: http://globalhomefinance.com
Wednesday, August 21, 2013
Rate Volatility
http://globalhomefinance.com
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