Blame it on Greece because we can't have the gangsters running the world taking a hit can we? But what the Hell you and I as tax payers are only responsible for 200 billion. A lot a luck on that Greco butt boys!
The Mortgage Porter: Mortgage Rates: Greece is the Word
The Mortgage Porter: Mortgage Rates: Greece is the Word
Mortgage Rates: Greece is the Word
Stocks are rebounding from last weeks losses with Europe coming forward with a plan to save Greece. Right now the DOW is up about 360 points and mortgage backed securities are all ready in a position for lenders to issue new rate sheets with re-pricing for the worse...and it's not even 8:00 a.m.
Please keep that in mind when ever you read rates that are published on a website, Twitter or even worse, on print...the second they're published, they may no longer be valid as mortgage rates may change several times a day.
With no scheduled economic reports to be released until Wednesday, watch for mortgage rates to take their lead from stocks. Remember, the better the stock market does, the higher rates tend to go. This is because investors will pull money from the safety of bonds for stocks.
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