Rates could get better today!!

MBS (mortgage-backed securities) opened up today due to some more bad financial news about how wide the financial mess is. Stocks are lower on news that the International Monetary Fund will reportedly release new forecasts that suggest toxic assets in the US could reach about $3 Trillion, which is $1 Trillion more than the forecast three months ago. Investors will sell off stocks and move their money into more secure investments such as MBS. The more money coming into MBS the lowers the rates get on mortgage loans.