March 3rd, 2014
March 3, 2014; 9:26am
Interest rate trends: Today – Lower; 10 days – Flat; 25 days – Flat
Interest rate recommendation: Cautious float
Mortgage bonds (MBS’s) are improving slightly this morning, mostly due to the unrest in the Ukraine and Russia’s Putin readiness to invade. In economic news, today’s numbers came in either better than expected or right on expectations. Analysts are recommending a cautious float right now, but are watching very closely as MBS’s hit the highs seen in prior months at which points, rates have turned worse. Very cautious float. The big news this week will be the Jobs Report for February which is being released on Friday. It is expected that the U.S. Economy has added 163k jobs. December was 75k and January was 113k. Analysts are recommending locking right before Friday’s Jobs Report. Have a great day!