LaPorte Group Blog

Wow!

February 20th, 2008 2:15 PM by

I wrote a little while ago about the major volatility going on right now on the mortgage interest rate market. Well, the rollercoaster ride continues. We have gone from 5.125% on a 30 year fixed on MLK Jr day to 6.5% the day after Presidents day. And now it appears we may be heading back down again.

Take a look at the chart below and notice the severe move down in the mortgage bond the last 2+ weeks. Yesterday alone we had a 100 basis point move down, which I can not remember ever seeing. Then today we start the day down another 34 basis points, only to finish the day up 56 basis points. A 90 point move back the other direction. I hope this trend continues and rates come back down to the mid 5% range.

Posted in:General

Posted by on February 20th, 2008 2:15 PM

LaPorte Group Blog

Wow!

Recent Posts:

Archives:

Categories:

My Favorite Blogs:

Sites That Link to This Blog: