Rate Update April 20, 2010
Fixed mortgage rates are priced slightly worse this morning.
Prices in the bond market fell yesterday afternoon as traders began to unwind the “flight-to-safety” trade which was prompted by a combination of the Goldman Sachs suit, Greece, and the volcanic eruption in Iceland. All three of those stories had traders worried but now that concern is fading.
There is no significant economic data out today so we will continue to watch stocks and technical trading patterns.
Current outlook: neutral