News from our Friends at First Interstate Bank:
"MBS prices are up +8/32, above 9:45 et pricing of +5/32. It has been an extremely volatile session, and investors may have priced at a wide range of levels. President Obama signed the extension of the homebuyer tax credit into law.
Just as a side note, the MBS (Mortgage Backed Security) bond prices are up nicely today on the higher unemployment number. Home Loan Rates may drop below 5.00% again."
For more information contact Graham4 at 888.301.2402.
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