grauteam update | 2.12.2008 | 30F 5.75 7/1A 5.125%

Mortgage Backed Securities are a little off today, -28bp.  Putting pressure on the long term fixed mortgages.  There is no market moving economic news come out until tomorrow when Retail Sales numbers are expected to show 0.0% growth.  If that number comes in low we can expect continued volatility.  The longer term Arms and Jumbo Arms are back in the market though.

 30F | 5.750% 5.875%apr

15F | 5.250% 5.350%apr

7/1Arm | 5.125% 5.225%apr

Jumbo 5/1 I/O Arm | 5.500% 5.600%apr 

New Construction 5/1 One Time Close | 5.500% 5.750%apr