The Fannie Mae 4.0% Coupon opened down for the third day in a row. If today's 30 year bond auction goes well, look for the price to move back up between the 10 day average (blue line) and the 30 day average(orange line). If the bond auction does not go well the price will drop and mortgage interest rates will go up.
Thursday, December 10, 2009
RateWatch 12-10-2009 Opening Graph
The Fannie Mae 4.0% Coupon opened down for the third day in a row. If today's 30 year bond auction goes well, look for the price to move back up between the 10 day average (blue line) and the 30 day average(orange line). If the bond auction does not go well the price will drop and mortgage interest rates will go up.
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About Me
- David Kimmer
- Beaverton, OR, United States
- David is a loan officer for American Pacific Mortgage. He has worked in the lending industry since 2000. Prior to that he invested 19 years in the insurance industry. He enjoys helping people finance the purchase of their dream home.
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