Wednesday, September 23, 2009

Phoenix Home Mortgage Interest Rate Update and Recommendation Sept 23rd, 2009 - FLOAT or LOCK?

Current Pricing of FNMA 30 Year 4.5% Bond: $100.50
-6 bps (Prior Close – $100.56)

Market Update: Mortgage Backed Security (MBS) pricing is slightly lower this morning from yesterday's close.

Economic News: There are no economic reports due for release today, but the Fed will end its meeting this afternoon with the release of its Monetary Policy Statement. We don't think the Fed will change the Fed Funds Rate, but the markets will be looking for comments about the bottoming of the recession and the continued MBS purchase program.

Recommendation: FLOAT

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

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