Wednesday, September 9, 2009

FLOAT or LOCK? Daily Phoenix Interest Rate Update and Recommendation - Sept 9th, 2009

Current Pricing of FNMA 30 Year 4.5% Bond: $100.59
+3 bps (Prior Close – $100.56)

Market Update: The Mortgage Backed Security (MBS) pricing is nearly unchanged this morning from yesterday. Yesterday's Treasury auction was well received by traders and helped MBS close slightly higher.

Economic News: The Fed Beige Book findings will be released this afternoon and could have an impact on the markets.

Recommendation: FLOAT

For information on purchasing or refinancing your home loan contact The Krushinsky Team at 623-594-7600.

No comments: