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Mortgage Interest rate news, mortgage blog, interest rate blog

March 10th, 2014

March 10, 2014; 10:01am

Good morning!

Interest rate trends: Today – Flat; 10 days – Flat; 25 days – Flat

Interest rate recommendation:  Cautious float

Mortgage bonds (MBS’s) are flat to slightly better this morning with no U.S. economic news and China’s weaker than expected exports.  This week is have Retail Sales numbers Thursday and inflation numbers on Friday.  Other than that, there are no U.S. economic reports this week.  The U.S. Treasury will auction $64 billion in 3, 10 & 30 year bonds this week.  With interest rates the same as last Friday and moving just slightly better, a cautious float recommendation is reasonable, but locking is not a bad choice because the lack of economic news can cause the stock market to rise at the expense of the MBS market, causing interest rates to rise slightly.  Have a great day!  

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