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March 12th, 2014

March 12, 2014; 10:16am

Good morning!

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

Interest rate recommendation:  Cautious float

Mortgage bonds (MBS’s) are doing well this morning on fears that China’s economy is slowing down.  No economic reports again today, but the Treasury will hold another auction of 10 year notes.  While MBS’s improve, we will change to a cautious float and see how much better pricing can get.  Today’s interest rates are slightly better than yesterdays.  Have a great day, tomorrow is Retail Sales, which most definitely can cause interest rates to move.  

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