MBS’s continue their move better

December 10th, 2013

Good morning!
Interest rate trends: Today – Lower; 10 days – Higher; 25 days – Flat
Interest rate recommendation: Cautious float
MBS’s continue their move better, now 3 days straight after Friday’s Jobs Report. Currently MBS’s are at +25bps. There are no economic reports being released today, but the remainder of the week is full of news. We continue our floating recommendation, but will be watching carefully after today’s Treasury auction of $30 billion in 3 year notes. We are also watching to see if MBS’s can reach the first level of resistance or not. Hold tight and be ready to lock should investor sentiment change quickly. Have a great day!
This email is sent out once per day, but on our website, on the “Interest Rates” page, you will see a “Current rate trend” indicator to see what interest rates are doing throughout the day.
30 year fixed rate: 4.125% with 4.198% APR.
20 year fixed rate: 4.125% with 4.153% APR.
15 year fixed rate: 3.125% with 3.269% APR.
10 year fixed rate: 3.125% with 3.256% APR.
Use the link below to see all our posted interest rates:
Please visit http://www.GreatAmericanLending.US for further information and/or to apply.
We hope to earn your business.
Have a great day and thank you for choosing Great American Lending.
Thank you.
Dale Packer, MBA
Spencer Packer – Colorado & Utah