February 24th, 2014
February 24, 2014; 9:49am
Interest rate trends: Today – Flat; 10 days – Higher; 25 days – Flat
Interest rate recommendation: Locking bias
Mortgage bonds (MBS’s) are flat this morning with no economic reports today. The rest of the week is full of economic data, including Housing numbers, U.S. economic growth with GDP numbers and the usual Initial Jobless Claims report on Thursday. This week will also see an onslaught of supply with the US Treasury auctioning $96 billion in treasury notes. We will change to a locking bias ahead of these economic reports and the Treasury auctions. There was no change to interest rates today. Have a great day!