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Rates nosedive...

By
Services for Real Estate Pros with Al Rodenburg

Well, for the first time in awhile, MBS and 10 yr bond yields are going in opposite directions. In the recent past, if the 10 year went up, the MBS would go down - indicating higher mortgage interest rates.

The 10 year keeps going up, which used to portend high interest rates; not right now! The MBS FNMA 3.0 was around 103.69 and now around 104.50, which is the "real" indicator of interest rates; the higher the #, the lower the rates.

Grab the good rates while they're here!

(and, if you need a loan, you can always contact me! alrodenburg.com)

Posted by

Al Rodenburg - NMLS# 272775
Sr. Mortgage Banker

Comments (1)

Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

Rates nose dive is a good message for the buyers in the area.

Sep 14, 2012 02:08 AM