Dec 3, 2012 3:17PM
Mortgage rates began the day in weaker territory , but were able to make it back to Friday's levels as most lenders improved pricing in the afternoon. Earlier weakness was primarily a result of the overnight sessions in Asia and Europe with several headlines accruing to the benefit of Stocks at the expense of bonds. Weaker bond markets tend to coincide with higher mortgage rates. But the weakness in bond markets and in the Mortgage-Backed-Securities (MBS) that most directly influence mortgage rates...
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