Grau Team Mortgage Wrap Up | 30F 6.375% 15F 5.750% 7/1A 5.375% [1%]

This has been quite a week for Mortgage Rates.  Monday-Thursday Mortgage Backed Securities dropped -272bp.  Each 40-50bp move is equivalent to .125% change in interest rates.  Rates raised almost .75% in 4 days!  Today we made up significant gains after the Employment Report showed Non-Farm Payrolls declined by -63,000.  We have strong rates going in to this weekend and look forward to next weeks Economic Reports.

RATES for FRIDAY MAR07 Read more