Rate Update March 3, 2009

Posted on by Evan in Rate Update

Fixed Mortgage Rates are slightly better than yesterday.

Mortgage backed bonds are trading in the middle of a current trading range this morning.  Stocks are attempting a rebound after the past beating they have taken as of late.  While Mortgage backed bonds continue to trade at their current levels we will remain with a floating stance, but if the stock market continues to rally and pulls money out of the Bond market it may be time to lock

Current Outlook: Cautiously Floating

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.