Phil Grossfield's Blog

BONDS DETERIORATING

The Fannie Mae bond dropped down 22bps this morning and has since bounced back a little.  If you’re rate sensitive, this is a scary thing to see happen.  It may be a little early to anticipate a price worsening, but as a price leader, Interbank has been known to pull the mid-day rate change earlier than some other lenders when seeing market volatility.

Please do your own research in deciding what to do…my email is only a courtesy.  Disclaimer