Rate Update April 6, 2009

Fixed Mortgage Rates are even with yesterday.

Mortgage Backed Bonds are currently trading up slightly this morning as stocks are under selling pressure.  Bonds have been able to sneak above the 25 day moving average with this recent improvement and can hopefully stay above its current levels as there is not much economic news this week on the schedule. 

Current Outlook: floating while bonds stay above the 25 day moving average

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.