Today is a historic day in our country...the inauguration of our new 44th President Barack Obama! Even though there are no economic reports due out today, it still hasn't stopped Mortgage bonds from trading unpredictably!
Markets are discovering that treasury bonds most be sold in order for these new stimulus packages to take hold. So, Treasuries are seeing the biggest pressure to sell. Overall, bond prices have improved but rates are quite a bit higher today so we are recommending our clients float now...we will certainly update you if things change!
30 Yr: 5.375
20 Yr: 6.00
15 Yr: 5.75
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hey..are u single?
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