How Rates Move: Lenders base their rates largely on the price - TopicsExpress



          

How Rates Move: Lenders base their rates largely on the price movement of Mortgage-Backed Securities (MBS) which are traded in real time, all day, on the bond market. This means mortgage rates and/or fees (mortgage pricing) often times move throughout the day, being affected by a variety of economic or political events. It’s important to know that when MBS pricing goes up, mortgage rates or pricing generally goes down. When they fall, mortgage pricing goes up. Tracking these securities real-time is critical. For more information about the rate market, contact me directly. I am among very few mortgage professionals who have access to live trading screens during market hours.
Posted on: Mon, 14 Apr 2014 21:45:00 +0000

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