3/26/10

Mortgage rates stabilized a bit today as mortgage bonds make gains on top of Treasuries, tightening up big time. A less steep yield curve and lower volatility as things are calming down after Wednesday’s perfect storm are helping to stabilize rates this morning. Consumer sentiment data came in better than expected and Greenspan is apparently concerned about our “fiscal situation” and the Obama administration unveiled details to expand the HAMP program incenting investors to do cut loan balances and payments to help unemployed borrowers. Its Friday. Lets hope next week is better for mortgages…