You Tube link to see rate update video:
http://www.youtube.com/watch?v=kgqCxEf77fU
Mortgage-backed bonds are currently trading sideways on the day. It is another relatively light week in terms of economic data. The only notable release this week will be the retail sales report which is due out Wednesday.
President Bush is expected to sign the Economic Stimulus package into law on Wednesday, watch today’s you tube video to find out what we know and don’t know in terms of how it will impact “conforming loan limits”.
Also, I’d direct your attention to the new blog I’ve started @ http://mortgagerateupdate.blogspot.com. I would encourage you to check in periodically to read up on the latest and greatest happenings in the mortgage industry.
Current Outlook: neutral
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