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Mortgage News Daily combines the expertise of some of the housing industry's leading minds with the power of social media to offer an always lively, constantly evolving web community. MND communicates breaking news, streams video, and provides expert opinion and commentary to a community of interested market professionals and curious consumers.Rates Recover as Dollar Rally Weakens Commodity Stocks
Rates are staging a lackluster comeback as commodities stocks battle a strong dollar. Adding some weakness is a continued lack of liquidity in the markets. Plus health care debate rages on....much uncertainty lies ahead.
The dollar is rallying and energy shares are weighing down stocks. The S&P is -0.52% at 1159, but finding stable ground at 1160 support.
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Here is the S&P loserboard....Georgetown should be #1 on this list, but they were omitted because they are a college basketball team, not a stock. Still, I think we can make an exception.
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....and 10s are feeling some bargain buying stock lever love. Back in the 24-hour sideways trend channel after a brief bump in yields.
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The FN 4.5 is now flat on the day at 100-31. This is a 9 tick improvement from the intraday low price print of 100-22 . A move back above 101-00 would warrant a reprice for the better from lenders who published rates before the opening bell range.
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If you are trying to recover rebate lost but are quickly approaching a "must lock by" date, let this ride for a few more hours before pulling the trigger. More stock weakness may be on the way.
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Rates Recover as Dollar Rally Weakens Commodity Stocks
Rates are staging a lackluster comeback as commodities stocks battle a strong dollar. Adding some weakness is a continued lack of liquidity in the markets. Plus health care debate rages on....much uncertainty lies ahead.
The dollar is rallying and energy shares are weighing down stocks. The S&P is -0.52% at 1159, but finding stable ground at 1160 support.
Here is the S&P loserboard....Georgetown should be #1 on this list, but they were omitted because they are a college basketball team, not a stock. Still, I think we can make an exception.
....and 10s are feeling some bargain buying stock lever love. Back in the 24-hour sideways trend channel after a brief bump in yields.
The FN 4.5 is now flat on the day at 100-31. This is a 9 tick improvement from the intraday low price print of 100-22 . A move back above 101-00 would warrant a reprice for the better from lenders who published rates before the opening bell range.
If you are trying to recover rebate lost but are quickly approaching a "must lock by" date, let this ride for a few more hours before pulling the trigger. More stock weakness may be on the way.
If you would like to opt-out of receiving email forwards from this person please click here to remove your email address.