Friday, May 27, 2011

Mortgage Rates likely flat to slight decline today 5/27/11

Mortgage rates likely flat to slight decline today 5/27/11

Good morning.

We had an extremely good day yesterday for rates with the FNMA coupon gaining +53bps for the day.
As I expected and posted don't panic from today's early losses as it is expected (profit takers and holiday weekend). The bonds opened today with a -22bps gap down open and since have retraced +6bps of that leaving the current FNMA 4.0 at 100.688 (still a very strong number). If you read my post from yesterday you will see I said expect a -15 - -25bps loss today so we are right in line.

No major news today, so I expect todays close to be right in line with those figures.

Have a great day and an even better long holiday weekend!

If you have questions on markets, interest rates, a loan scenario or strategy for investment properties please call or email me.

us mortgage interest rates

David Shamansky
US Mortgages
1745 Shea Center Dr 4th Floor
Highlands Ranch, CO 80129
Equal housing lender
*above commentary is from my own personal viewpoint and research on US and global economic data and factors and does not constitute or imply a guarantee of interest rate direction.

No comments:

Post a Comment