March 23rd Mortgage Market Wrap-up - Rates Remain Low!

Despite an almost 500 point rally in the Dow Jones Insdustrial, Morgage backed securities (MBS) were down only 3/32nds  below the high for the day of +3/32, and at the low for the day. Investors that issued pricing around noon (market high) pose the greatest risk for a reprice.  The Fed's commitment to buying MBS has thusfar steadied the market.  A quick look at the chart reveals pricing has remained almost on a flat line all year.  There is no better time to buy real estate than now!