Bryan Flynn's Central Massachusetts Mortgage Blog


Mortgage Market Update for June 16,2008

Mortgage backed securities are trading flat on the day down just 3bps this morning.  Bonds have been in a downward trend for the last 2 weeks and rates have crept up .75% higher nearing 7.00%.

The recent pressure on bonds are due to the pressure the heightened inflation concerns of the market.  The Fed meets next week and bonds traders are looking for short-term rates to be increased which will be great for long-term bond rates....however don't expect much more than shift in the policy statement.

Floating for now....

Comment balloon 0 commentsBryan Flynn • June 16 2008 09:50AM