Mortgage Bonds 200-day Moving Avg? Can someone pls explain.

[BobbyD]

Does anyone know anything about the Mortgage Bonds 200-day Moving Average? What impact does this have on mortgage rates for me?

We bought a home and close at the end of the month and are shopping mortgage rates now. If the Mortgage Bonds continue to trade above the 200-day Moving Average, does that lower or raise rates for the consumer?

Thanks.

BD

[Raybyrnes]

I don’t know why you would be looking at mortage bonds. If you are buying on a variable rate I would look at the index it is tied too. IE the LIBOR (London Interbank Overnight Rate)COFI (cost of Funds) COSI (cost of savings index) or whatever other type of financial index.

If it is a fixed rate and you ahve amonth to close I would gather up my financial information, do a query on Bankrate.com and shop around for a conventional fixed rate product. Think you are focusing on irrelevant information.

[HLS]

If you don’t have a rate already locked, the 30 YR fixed conforming market moved against you today.

I’m curious, exactly how are you shopping mortgage rates ?

What type of loan are you looking for ?

Qualifying depends on your credit scores, loan amount, down payment, employment situation, reserves, credit history, monthly debts, financial reserves, etc.

Also whether you are going to pay to buy the rate down and how long you plan to be in the loan.

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