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March 19th, 2014

March 19, 2014; 9:30am

Good morning!

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

Interest rate recommendation:  Cautious float

Mortgage bonds (MBS’s) are flat this morning and not much movement in the markets ahead of the Fed’s Monetary Policy announcement today at noon.  Analysts are expecting another $10 billion in tapering and recommending floating into the announcement.  The economic news has not been impressive lately, so cautious float is still recommended.  Should the Fed’s do or say something unexpected, we can expect a volatile period for interest rates, so be ready to lock should this happen.  Interest rates came out this morning mostly the same as yesterday.  Have a great day!  

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