Today's Interest Rate Market Forecast for 11/26/2013

Today's Interest Rate Market Forecast

Mortgage Rates Currently Trending:

NEUTRAL

 
Today's Mortgage Rates Forecast:

NEUTRAL

 

7 day Mortgage Rates Forecast:
NEUTRAL

Today rates will likely open flat, with no change in interest rates but likely a slight worsening to rebate pricing (the cost to obtain a rate or the credit a lender gives you towards your closing costs when selecting a rate). This is because most lenders will have priced rates yesterday in the morning when the MBS (Mortgage Backed Securities) market was up about 18 basis points.

Today will likely be similar to yesterday, with the MBS market moving through the day with highs and lows but closing close to even for the day. Depending on how well today's economic data reports are received and how traders begin protecting themselves for tomorrow's economic data reports and the Thanksgiving holiday. If you are closing soon and are not locked in, be sure to stay in close contact with your Mortgage Loan Professional today in case of market deterioration that could cause a worsening to your interest rate or rebate pricing.


Remember, if you want to know the benefits of locking your rate today versus floating, simply give us a call at 3134-744-7806  (www.CallTheMoneyMan.com) who has access to real time Wall St. data and instant market alerts with breaking news.