July 12th, 2010 7:41 AM by Eric Fang
It's still a trader's market.There are lots of interests in MBS, thus pushing the interest rates lower.
Though the EURO situation improved a little bit, the traders still have no direction so far. That means the rate will stay at this level for sometime.
The earnings season is here. We may see some fluctuation on the rates based on how good/bad earnings of the reports.