Mortgage Rates Today Friday, March 6, 2015.
MBS are getting hammered this am because of the better than expected jobs report. Typically when the economy is doing well you see stocks go up, but not when the FED has had a zero interest rate policy for this long. Rates have moved to their highest level of the year and stocks are not faring well today. With today’s jobs number the bet is that FED will raise rates at their June meeting and it is sending the market into a tizzy. As I have stated for several weeks, I strongly recommend locking into rates now.