Mortgage Rates Message Board

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Strategies & Market Trends : Mortgage Rates

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To: Brasco One who wrote (23)	6/12/2001 9:48:41 AM
From: saju chacko	Read Replies (2) of 40

data from bloomberg.com current 6 mos 15 year mortgage 6.37 6.75 30 year mortgage 6.84 7.03 i am looking for a 25 bp cut on june 27 in both the discount rate and the fed funds rate putting them at 3.25% and 3.75%, respectively. interestingly, the yields on govt notes and bonds are dropping a bit. this is contrary to what they were doing in the last month and a half or so when the fed was cutting and the mort rates weren't being affected. i know why this is. the bond traders don't see a recovery as soon as thought and they are hearing reports of low to no inflation despite rate cuts. so i am looking for mort rates to drop a little bit more after june 27. we will see. everything i wrote above is only a guess. do your own due diligence. Saju

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