Rate Update May 15, 2008


Mortgage-backed bonds have found technical trading support at the 200-day moving average (blue line in the chart below). After rates increased by .25%-.375% over the previous four trading days it looks like bond prices may rise helping push rates back down.

Watch today’s you tube video for explanation about this chart.

Current Outlook: 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.