Bond market and Mortgage Rates

Today, Bonds started well off their highs of yesterday, -19 BPS.  Signaling the ok for Lenders to price their rate sheets a nudge up from yesterday’s close.  But wait, look at what the traders are doing, buying Bonds again.  Now the market is only down -6 BPS.

Have an idea where it will end?  I do, I think they recover by the end of the day to a + number in anticipation of tomorrows Jobs report.

Geoffrey Davis

FriscoMortgageGuy.com

214-975-1266- fax

214-529-9622- cell

Honored as one of the 2010 Best Mortgage Brokers in Dallas! for D Magazine.  Ranked 25th in 2009 production in the category Largest North Texas Residential Mortgage Lenders, according to the Dallas Business Journal!

 

Geoffrey is the “Frisco Mortgage Guy”!

  

P Please consider the environment before printing this email

P.S. I use DropBox as a more secure way to move papers back and forth – FREE!  If you sign up from this link – we BOTH get an extra amount of storage space, still FREE!!!

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