Apr 2, 2013 2:55PM
Mortgage rates held steady or improved slightly today in MOST cases, though this isn't true for every lender. The day itself was flat and uneventful for the Mortgage-backed-securities (MBS) that most directly affect rates, though trading levels were slightly weaker. This means that lenders passed along some of the strength yesterday afternoon that wasn't necessarily enough to justify positive reprices. None of the improvements were enough to suggest a change to the prevailing b est execution ( what...
Apr 2, 2013 11:45AM
- Factory Orders +3.0 vs +2.9 Consensus - January revised from -2.0 to -1.0 - Excluding Defense Sector +2.4 vs +1.0 in Jan - February Durable Goods revised to 5.6 from 5.7 - Excluding Transportation +0.3 vs +2.0 Market Reaction: stocks are slightly higher