Wednesday, February 20, 2008

Rate Update Feb 20, 2008

You Tube link to see rate update video: http://www.youtube.com/watch?v=h1_qEX3Ye34


Yesterday marked the single highest increase in mortgage rates in a single day in over two years. I have posted the bond chart from yesterday showing the huge dip in prices we experienced (135 basis points).


So what is the cause of this increase to mortgage rates?


Watch today’s you tube video to find out…..


Current Outlook: neutral

No comments: