Rate Update October 9, 2009
Mortgage rates are higher this morning.
Watch today’s you tube video to understand why.
Here is a link to an article about Bernanke’s comments and weak auction results.
Current outlook: locking
Posted: October 9th, 2009 under Rate Update.
Tags: oct. 9 direction of mortgage rates, oct. 9 free mortgage rate outlook, oct. 9 mortgage rate update, oct. 9 mortgage rates, oct. 9 should I lock my rate
Pingback from My Mind on Mortgages » Rate Update December 2, 2009
Time December 2, 2009 at 7:26 am
[...] up being prophetic. MBSs dropped 65 basis points which is the largest one day increase since October 9th. Mortgage rates work inversely with the price of MBSs so we expected rates to be modestly higher [...]