Mortgage Update | 2.10.2008 | 30 Fixed 6.375% 15 Fixed 5.750%

 

We are set for another wild week for Fannie Mae Mortgage Backed Securities.  Today the mortgage bond market has moved 66bp again today.  30 Year Fixed interest rates lowered .125% at open, then rose about .25% by mid morning, and now sit almost equal to Friday.  The economic reports due this week are Balance of Trade [3.11], Crude Inventories [3.12], Retail Sales [3.13], Initial Jobless Claims [3.13], Consumer Price Index [3.14], and Consumer Sentiment [3.14].  Read more