June 16th, 2016
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.
On the chart above you will see that we are getting close to 2 year highs on the price and lows on the rates.
Below is the news when it happened and market reaction. All of the times below are Eastern Standard Time
11:37AM New Rates have been posted http://www.johnmarbury.com/page5.html/
Thu, Jun 16 11:31 AM - Bonds off the best levels. Be careful on our floating stance which may be changing.