Mortgage Interest Rate Update 01.17.2013

The Mortgage Backed Securities (MBS) market took a bit a of a hit this morning when unemployment numbers came in better than expected.  However after a knee jerk reaction the selling moderated and the market interest rates have settled into their recent range.  Treasury’s also took a hit along with Gold.  In general economic news; Boeing continues to have problems with it’s “Dreamliner” as all of the have been grounded by the FAA.  Over the next several weeks mortgage companies will look to keep rates stable during a potentially volatile news cycle.  The market is facing the coming issues in Washington along with earnings season and pre-announcements or company warnings.  If you would like a refinance quote on your current loan feel free to contact us for a no obligation/no cost quote.