April 8th, 2014
April 8, 2014; 9:29am
Interest rate trends: Today – Flat; 10 days – Slightly lower; 25 days – Slightly lower
Interest rate recommendation: Locking bias
Mortgage bonds (MBS’s) are flat currently, but slightly better than they were earlier this morning. Interest rates are looking really good and with the rally bonds had yesterday, we are switching to a locking bias recommendation and enjoy the recent improvement. Although there are no economic reports due out today, what we are seeing as Spring arrives is that the economy is getting the spring bump as we come out of winter and enjoy the better weather. The International Monetary Fund says global recovery is accelerating and that the world economy will expand at 3.6% this year, up from 3.0% in 2013. Lock your rates and enjoy! Have a great day!