Monday, September 28, 2009

Phoenix Home Mortgage Interest Rate Update and Recommendation Sept 28th, 2009 - FLOAT or LOCK?

Current Pricing of FNMA 30 Year 4.5% Bond: $101.16
+3 bps (Prior Close – $101.13)

Market Update: Mortgage Backed Security (MBS) pricing is currently slightly higher today from Friday's close.

Economic News: This will be a very active week in the markets and mortgage rates. The most important day will be Friday due to the employment report being released, but Tuesday's and Thursday's data can also fairly heavily influence mortgage rates. There is nothing of importance scheduled for release today, so look for the Stock market to influence bond trading and mortgage rates.

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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