April 11th, 2014
April 11, 2014; 9:30am
Interest rate trends: Today – Flat; 10 days – Lower; 25 days – Lower
Interest rate recommendation: Locking bias.
Mortgage bonds (MBS’s) are a little volatile this morning with the movement in the stock market, but have posted gains for the last 6 days in a row. In economic news, inflation figures from the PPI came in hotter than expected, Consumer Sentiment came in better than expected and with the employment picture appearing to be getting better, the U.S. economy is showing signs of improvement. Yesterday’s stock market dive, from what I was able to find, was due to China’s economic indicators pointing to a slowdown, thus causing fears of a global slowdown with equity investors. This is good for interest rates as money flows from the stock market to the bond markets, but is likely short lived. Have a great day!