Rate Update Feb 15, 2008

You Tube link to see rate update video: http://www.youtube.com/watch?v=ahSQXn-MvNo

The blood bath continued yesterday in the mortgage-backed bond market as prices slipped another 65 basis points pushing fixed rates higher by .125%. 30 year fixed rates have now increased by almost 1.00% since January 22nd.

Watch today’s you tube video to find out why and what to expect moving forward.

Current Outlook: locking

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.