Rate Update 2nd Friday in November, 2009
Mortgage rates are slightly better this morning. Mortgage-backed bonds (MBSs) have now improved for 7 straight trading days. Over that time 30 year fixed rates have dropped by about .25%.
Watch today’s you tube video to understand why.
Links to other financial news of the day:
–Trade deficit widens, import prices rise at slower pace than expected
–US Dollar Weakens….again
Current outlook: locking bias