Rate Update Feb 20, 2008

You Tube link to see rate update video: http://www.youtube.com/watch?v=h1_qEX3Ye34

Yesterday marked the single highest increase in mortgage rates in a single day in over two years. I have posted the bond chart from yesterday showing the huge dip in prices we experienced (135 basis points).

So what is the cause of this increase to mortgage rates?

Watch today’s you tube video to find out…..

Current Outlook: neutral

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.