Interest rates are in great peril of increasing significantly based on technical levels. Long lasting support levels for both mortgage backed securities and the ten year U.S. Treasury bonds. The support level at 101,56 was broken today as the 4.0% coupon MBS bonds closed 11 point below it. similarly the 10 year Treasury yield broke the long lasting 3.0% ceiling. When these levels have been compromised in the past rates have risen quickly by .50% or more. Advise your buyers to act now and encourage anyone under contract to lock in rates now before they spike out of control,
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