MBS and Mortgage Rates are in for a wild ride this week

There is going to be a great deal of economic news out this week. Both the stock market and the MBS market are starting off the week, down a fair amount. What does this mean? Well it look like everyone is scared of the Stock Market and they are even more scared of the bond Market, so where do they go? They go to cash or gold. Gold is at or near an all time record so that were people have gone. Best Execution for mortgage rates should see an increase over last week. As I always say if your client is happy lock the rate in. Let's see where this ride takes us this week. JS [email protected] PS I have a weekly newsletter that i send out on Mondays. If you want to be on it just email me.