Mortgage Blog

The rates barely changed today because MBS(Mortgage
Backed Security) rallied not as much as Treasuries.

The rasons:
1)MBS are not quite as weak as they appear.
2)Volume is a lit light.
3)It's a settlment day today.accounts are
more concerned with squaring up their positions
for the roll than keeping pace with what could prove
to be a short-lived flight-to-safety spike. MBS can't
chase this FTS Dragon today folks. Don't let it bother you.
(I copied the above from the third party).

So don't worry, let's wait a few days for the lower rate
catch up.