Mortgage backed securities (MBS) closed up 3 basis points today at 103.34 having remained above support offered at the 103.09 level. MBS bonds have now spent seven sessions in a tight trading range with little or no movement in rates. The 30 year fixed conforming rate remained at 4.00%. With December rushing toward us we may see what if any immediate impact a Fed rate increase has mortgage rates.
Re/Max Real Estate Center - The Thacker Group - Louisville, KY
Your best friend who just happens to be a Realtor
I just saw a story on Nightly Business Report on PBS that they said that the mortgage market is already raising rates anticipating a move by the Fed. I thought it was very interesting news.
Nov 23, 2015 07:52 AM
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