Thread: Mortgage Broker
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Old 04-25-2016, 08:53 AM   #146
MillerTime GFG
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Join Date: Feb 2010
Location: Mckenzie Towne
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Heads up!

Bond yield has been trending up over the past few days, increasing 14bps in just the last 4. Spread is down to 1.88 bps, so with investors looking for a spread of 2.25 and 2.00 minimum, we could see fixed rates going up in the near future.

I have seen a couple lenders already announce a rate increase of 5bps. If you're in the market for a purchase, or coming up for renewal/need a refinance, it may be a good idea to look at securing that right away if you're within 120 days.

http://www.marketwatch.com/investing...countryCode=bx
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