Early MBS Rebounds

by FHA VA USDA Jumbo Home Equity Texas Mortgage Lender | December 23rd, 2009

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Currently up 22 bps for the morning session, we’re seeing a little bounce back from yesterday’s losses. It’s still early so, I wouldn’t expect mortgage rates to open lower today, however, today is JAM PACKED with reports, and that could sway MBS in several directions.

Here’s what’s on the menu for today:

1. Personal Consumption Expenditures and Core PCE
2. Personal Income
3. Personal Spending
4. New Home Sales Nov
5. Consumer Sentiment Index (UoM)
6. Crude Inventories

We can’t stress enough how important it is to work with a mortgage professional that has a finger on the pulse of what is going on and how it affects YOUR WALLET.

Stay tuned for any updates- I’m sure there will be several today.

Tags: christmas, Mortgage Backed Securities, mortgage bonds, Mortgage Rates | Category: Mortgage Insights |