When the price of Mortgage Backed Securities (MBS) on the above chart above goes up mortgage rates come down. When the price goes down mortgage rates go up.
Chart was posted at 8:29 am et - The chart shows that we have broken to another level of prices as the fall out from Brexit continues. If pricess stay at this level we should see a lower percentages on the rate sheet today.
Below is the news when it happened and market reaction. All of the times below are Eastern Standard Time
10:50 AM New Rates have been posted http://www.johnmarbury.com/page5.html/