Rate Update April 16, 2008

30 year fixed rates are higher again this morning. Watch today’s you tube video to understand why rates have been pushed higher.

We’re closely watching technical trading patterns again as mortgage-backed bonds trade up against the 50-day moving average price line.

Current outlook: Cautiously floating

The views and opinions expressed in this site are those of the author(s) and do not necessarily reflect the official policy or position of Cherry Creek Mortgage Co., Inc. This is for informational purposes only. This is not a commitment to lend.