Today’s bond market and its affect on mortgage rates.

At present, the bond market is moving in a sideways channel between resistance and support.  The cash infusion by The Fed has had some positive affects on the stock market today which is creating pressure on bonds.  There is no clear up or down swing predicted to happen today in mortgage rates and mortgage bonds, but due to unexpected volitility in the markets that could happen at any time, it would be prudent to go ahead and lock your rate if you have a mortgage loan in process.

Enjoy your day, and try to think about something other than the stock market.