Mortgage Bond are trading higher 12bps this morning following yesterday's momentum. Bond are resting just above the closest resistance level which is bullish, no real news to report today. Watch the stocks if they go down should be good for bonds today. Tomorrow the Philly Fed Index will move the markets and next week the Fed meets......
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The above Mortgage Market Update information was provided by Bryan Flynn of Wells Fargo Home Mortgage. Bryan can be reached at Bryan.K.Flynn@wellsfargo.com or by phone at 508.363.2223. Bryan has worked in the Central Mass and Worcester area for the past 6 years as a mortgage loan officer.
More than likely, this is one of the largest and most important financial transactions you will ever make. I have a desire to help people out and love my job. You might need a mortgage only four or five times in your entire life... but I do them every single day. It's your home and your future. It's my profession and my passion. I'm ready to work for your best interest.
For more information on my service please check out my Central Mass and Worcester Mortgages website or you can click to view Bryan Flynn's Mortgage profile
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Hey Bryan, Kudos for the market update. I will still urge caution because of the volatility that exists in the market today, even though oil price appears to be steady. Yes, mortgage bonds are trading higher this morning which is good news for mortgage rates.