MBS’s worsen a little after 3 days of improvement

December 11th, 2013

Good morning!
Interest rate trends: Today – Higher; 10 days – Higher; 25 days – Flat
Interest rate recommendation: Locking bias
MBS’s worsen a little after 3 days of improvement. Talk of potential tapering next week has caused both the Stock and Bond markets to worsen, as well as international markets. We still don’t think there will be any tapering until March, but analysts are putting the odds at 50/50 for tapering next week. Analysts are recommending locking ahead of next weeks Fed statement. With MBS’s worse this morning, that could be a good idea, but I’d wait for an hour or two to see if we can get some better pricing throughout the day as MBS’s are slightly better now than they were at the start of the day. 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 4.219% APR.
20 year fixed rate: 4.125% with 4.182% APR.
15 year fixed rate: 3.125% with 3.288% APR.
10 year fixed rate: 3.125% with 3.282% APR.
Use the link below to see all our posted interest rates:
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Thank you.
Dale Packer, MBA
Spencer Packer – Colorado & Utah