Rate Update June 19, 2008

Mortgage rates did improve yesterday thanks to a rally in the mortgage-backed bond market that we expected. At this point mortgage-backed bond prices are trading right at the level we had predicted in yesterday’s rate update. We are going to shift our outlook to a neutral stance as concerning inflation data continues to trickle in.

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.