29 June 2009 ?Mortgage backed bonds opened up 22 bps today and currently are up 12 bps. The 30 year fixed continues to trend lower as the bond market gains momentum. China announced they will continue to buy US debt as part of their current foreign currency reserve policy. The 30 year rate is now at 5% which is much lower than the 5.75% which rates hit just 2 weeks ago. Again the markets are quite volatile. If you have floated your interest rate now may be the time to lock.Email This Post To a Friend.
Mortgage Rates Continue to Trend Lower
June 29, 2009
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