Rate Update Feb 15, 2008

You Tube link to see rate update video: http://www.youtube.com/watch?v=ahSQXn-MvNo

The blood bath continued yesterday in the mortgage-backed bond market as prices slipped another 65 basis points pushing fixed rates higher by .125%. 30 year fixed rates have now increased by almost 1.00% since January 22nd.

Watch today’s you tube video to find out why and what to expect moving forward.

Current Outlook: locking