Spring is in the Air
3/1/10 Mortgage Backed Securities are minus 6bp this morning. The last few weeks we have repeatedly said that rates will be going up. Rates recently were up .25% depending on the product you were choosing. We have seen rates settle back to their previous lows for the year. That usually leads to complacency. It took all of 24 hours for the rates to jump and over a week to come back down. We typically start to see rates move upward as the spring buying season approaches....

Spring is in the Air
3/1/10 Mortgage Backed Securities are minus 6bp this morning. The last few weeks we have repeatedly said that rates will be going up. Rates recently were up .25% depending on the product you were choosing. We have seen rates settle back to their previous lows for the year. That usually leads to complacency. It took all of 24 hours for the rates to jump and over a week to come back down. We typically start to see rates move upward as the spring buying season approaches....