Mortgage backed securities

Mortgage backed securities keeping pushing levels of resistance which is good for mortgage pricing and continuing to test how low rates can go.
Bonds are getting a boost today as investors seek a safe haven after hearing news of the spreading swine flu, which is pressuring Stocks in the US and around the globe.

In other news, Chrysler has received concessions from the UAW, while General Motors is phasing out its Pontiac division and offering a Bond exchange as part of its restructure.

With no economic reports scheduled for today and the boost in Bonds, I recommend floating. I will let you know it the situation changes later today when the Treasury Department auctions off its supply of bills and notes.

Oh by the way, I’m never too busy for any of your referrals.

This entry was posted in Franklin Loan Center, Mortgage Bonds by Sean La Rue. Bookmark the permalink.

About Sean La Rue

Sean lives in the Palm Desert area and works with Franklin Loan Center as the Senior Vice President. Sean is ready to provide you the concierge level-of-service experience in purchasing or refinancing a home in Palm Springs, Palm Desert, La Quinta, Rancho Mirage, Coachella, Indio, or anywhere in California. His commitment is to treat your home loan like his own because he cares about your family.

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