February 14th, 2014
February 14, 2014; 9:01am
Interest rate trends: Today – Flat; 10 days – Higher; 25 days – Flat
Interest rate recommendation: Cautious float
Happy Valentine’s Day! Interest rates remain the same with mixed economic news this morning. China’s inflationary figures came in hotter than expected and in the U.S., Consumer Sentiment came in slightly higher than expected. MBS’s are sitting on the 25, 100 & 200 day moving averages, which creates a double layer of support. Should MBS’s drop below these layers of support, we will recommend locking, but for the time being a very cautious float is still recommended. U.S. markets will be closed on Monday for Presidents day, so the next Interest Rate News will be on Tuesday. Have a nice long weekend!