Well, surprisingly enough, mortgage bonds are falling higher, pushing mortgage rates lower again. Mortgage bonds are testing key resistance levels. If these resistance levels break, we might see quite a rally taking rates lower.
Might we see the conforming 30 year fixed rate back under 4.0% It is quite possible.
Check out today's chart below.
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| Fannie Mae 3.5% Coupon |
Remember, in the chart, green is good (lower rates) and red is bad (higher rates).
If you want me to play with numbers and see if a refinance makes sense for you, let me know!
Brett Grendahl
952-393-9333 mobile
bgrendahl@bankingunusual.com
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