Rate Update March 28, 2008

Posted on by Evan in Rate Update

Mortgage rates increased this morning following a sell-off of mortgage backed bonds yesterday afternoon. It looked as though mortgage-backed bonds may fall below the all-important 50-day moving average but thankfully this morning’s personal spending report helped support prices.
Watch today’s you tube video to find out how this report is helping mortgage rates…..

Current Outlook: Cautiously floating

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