MortgageRatesReport.com: October 10, 2007

I'm often asked how I come up with my advice to lock or float the mortgage rate when home buyers read the Mortgage Rates Report. Well, I read a lot, that's for sure. I read Bloomberg.com and the Mortgage Market Guide research which gives me access to real-time quotes of mortgage-backed securities. The charts I review, of mortgage-backed securities prices, give me an idea of what the short-term trend looks like.

Let's look at today's chart:

This chart show the prices of highly-traded mortgage-backed securities. I show it with permission from the Mortgage Market Guide.

Two things are worrying me now..continued on www.MortgageRatesReport.com