I'm often asked how I come up with my advice to lock or float the mortgage rate when San Diego home buyers read the Mortgage Rates Report. Well, I read a lot, that's for sure. I read Bloomberg.com and the Mortgage Market Guide research which gives me access to real-time quotes of mortgage-backed securities. The charts I review of mortgage-backed securties prices give me an idea of what the short-term trend looks like.
Let's look at today's chart:
