Rate Update February 3, 2009

Fixed mortgage rates are slightly lower than yesterday.  

 Mortgage Bonds had a good day Monday as they broke through the level of resistance directly overhead.  There are no economic reports due for today but we will be carefully watching to make sure that bonds can hold on to their gains from yesterday. 

 Current Outlook: Locking in the gains from yesterday on short term transactions.


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.