Like the 1993 classic “Groundhog Day,” today’s rate sheet is looking very similar to yesterday’s rate sheet and Friday’s rate sheet and Thursday’s rate sheet, and… (I think you get the picture.)
The value of mortgage backed securities has not changed much since the middle of January and neither have interest rates. This could all change this week because the always-important Jobs Report is set to be released on Friday. We will have more information about this report over the next couple of days. In the meantime, enjoy these low interest rates because they will not last forever. Right?
Have a great day and enjoy the 6 more weeks of winter. Go to the link below to see Punxsutawney Phil’s prediction this morning.
http://www.youtube.com/watch?v=I8VeiYh9TbI
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