ARCHIVED BLOG POSTS
What happened yesterday? Mortgage backed securities (MBS) lost -49 basis points from Wednesday's close which caused 30 year fixed rates to move upward. MBS have now lost a big -135BPS from Monday's open to yesterday's close. Once again, we started the day selling off before our first dose of e...
Here is a great blog post by a fellow loan officer about rising interest rates... why they happened and what to do now. Great read!When interest rates change, they can change quickly. As a reference, see the interest rates tracked from May 3 to our current market. Rates on May 3rd were in the mi...