Today's Interest Rate Market ForecastMortgage Rates Currently Trending: NEUTRAL to HIGHERToday's Mortgage Rates Forecast: HIGHERVolatility Index: VOLATILEToday it is likely that we see MBS (Mortgage Backed Securities) lose ground and rates go up slightly, possibly .125% (if not rate increases, we will see worsening in rebate pricing). It will be important to see if the support level at 102.00 holds up. If we break past that and return to our previous trading range, we can expect to see rates go up more, possibly .25% to .375%. Short term we see likely worsening until the technical indicators give us a reason to believe otherwise. Remember that the mortgage professional who sent you this report today is also monitoring the MBS (Mortgage Backed Securities) market in real time and is your best resource to stay ahead of lender's pricing reactions to the market.

Remember, if you want to know the benefits of locking your rate today versus floating, simply contact me your Most Trusted Mortgage Loan Professional who has access to real time Wall St. data and instant market alerts with breaking news. Yesterday's Interest Rate Market RecapYesterday saw the MBS market end the day with a worsening of 2 basis points, which would normally leave rates about the same from the day before (Wednesday). However, if your lender came out with pricing early in the day when we saw MBS gains (up to about 9:45am Eastern), you probably saw repricing for the worse yesterday. Remember that pricing can change through the day depending on market conditions, so it is important to monitor the market in real time with your Mortgage Loan Professional.