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Loan Modification

: Mortgage Lender Implode-o-Meter

Fed Who? 30-yr Fixed Rates Dip as MBS Prices Rise

By Implode-Explode Heavy Industries

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``Today, particularly in the afternoon, 30-yr fixed mortgage rates improved to 4.875 on mortgage-backed securites price gains. So much for the dramatic spike in rates that was speculated to follow the Fed MBS exit (Mar. 31st). Added jobs and existing home sale pushed rates up twice, from 4.75 to 5% where they settled in for a few days before today?s decline.''

Full post as published by Mortgage Lender Implode-o-Meter on April 07, 2010 (boomark / email).

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