Mortgage Pricing Update: 1/23/2008

Hopefully you have all opened up your pricing sheets today and noticed great rates!  That means that you should be on the phones and getting people in the door today!

 

The overall market is a little stagnant this morning.  The MBS opened a little more than 19bps up from yesterday’s day end figure, and is currently trading 16bps in the green.  The 10-Year Treasury is currently 68bps up from yesterday’s as well.

 

With regard to economic releases, there is nothing being released today, and nothing tremendously significant scheduled for publication tomorrow.  This, of course, means that the mortgage pricing is going to heavily rely on the market trends of the day.

 

I will keep an eye out on the market for you and update you whenever/if I see a change.  So, that being said, float for now, but be keep an eye out for my free e-mail update!

12:30 MBS – 16 bps up (continue to float)

1:30 MBS – 19 bps up (continue to float)

2:30 MBS – 9 bps up (consider locking at this point to save your day’s pricing)