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July 1st Mortgage Market Wrap-up 5

By
Mortgage and Lending with The Federal Savings Bank/Lending in 50 states NMLS # 109616

Mortgage backed securities (MBS) closed down 28 basis points today at 102.50 having fallen through support offered by the 102.53 level and closed at their low for the day.  Money flowed out of MBS  bonds and Treasuries today as stock went on a tear flirting with all time highs.  With the jobs report impending on Thursday I suggest floating until then.  The 30 year remained at 4.25% today.

Comments (1)

Jerry Newman
Brown Realty, 210-789-4216, - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Hi Jeff, I know many will appreciate the 4.25 percent interest rate. Now, it still a Great time to buy a Home while rates are still low.

Jul 01, 2014 10:18 AM