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