Aug

5

As your Certified Mortgage Planner in Lees Summit and Overland Park I am here to help guide you through the turbulent Mortgage Market and help you to get the best interest rate. Today Mortgage Backed Securities are moving with great volatility. They have already traded in an 82 basis point range. Current direction for rates is lower attempting to stabilize. Today the ADP employment report missed the mark to the low side fueling the volatility and helping bonds to rebound from the lows of the day. Additionally the ISM services index also came in worse then expected helping to support an improvement in bonds. The economy and job scene is not out of the woods yet. Poor economic news will cause the bonds markets to rise which leads to lower interest rates. The opposite is also true – positive economic news will cause bonds to fall and lead to higher interest rates.