10 Year Treasury is at 5 month lows, approaching 3 year lows which was the historic low. Mortgage Rates are DOWN!
Today has been quiet so far. MBS are about .125 better in price.
10 Year Treasury is back down to 1.55%.
On 9/3/2019 and 9/30/2019 the 10 year closed at 1.51%
On 7/5/2016 the 10 year closed at 1.37% and by 7/11/2016 was up at 1.59%.
Take advantage of today’s low rates.
Advance your files, get them ready to lock, help them understand what it means and simply do it.
W-2 forms for 2019 are in the mailbox, easy to send a copy and download pdf copies of bank statements. Take advantage of the moment!
In this cycle, rates appear to go up much faster than they go down. (3rd chart below going back to 2013) Bank Holiday on: Monday 2/17/2020.
Some schools are closed all week for President's week
Fed Wire is closed on bank holidays and loans typically cannot fund.
M
Market Snapshot
Past 90+ days Bollinger Band which are still in about the same 1.96% to 1.74% sideways range as it has been for the past 60 days.
(Bollinger band chart above today’s MBS & Treasury snapshot):
Today:
Bollinger Band chart since early September 2019
10 year rates going back to 2013. They seem to go up much faster than they go down.
And now for some photographs of almond orchards in the Central Valley.
I drove up and there are all new water signs- now not so quirky the
are pointing out there is no food without water, and we need dams
not half built trains...
