| May 4, 2011 12:09PM Both benchmark rates and production MBS coupon prices have bounced around a large yet well-defined range so far in 2011. There have been moments when it seemed like rates were doomed to breakout in the wrong direction, there have been times when it felt like a sustained rally was in the works. At one end of the spectrum we find the potential for snowball buying as a flattening yield curve forces real money investors to add longer dated debt to better match asset cash flows vs. liability cash flows... May 4, 2011 2:36PM After spending the first four months of 2011 in a tight range, we may be witnessing the early stages of a significant shift lower in home loan borrowing costs. But these signs are only the beginning of what might evolve into a sustained rally in the bond market. Nothing has been confirmed. Preliminary signs are encouraging, but could very well be a "false start". UPDATED CURRENT MARKET : The "Best Execution" conventional 30-year fixed mortgage rate is 4.875%. If you are looking to move down to 4...
 | 
