-
After holding levels not seen since early this summer for over a week, mortgage rates are under some pressure to move higher. Yesterday, mortgage backed securities were lower in price which forced lenders to offer higher mortgage rates. The downward move continued all the way into close which led to...
-
Highlights: The week begins with a slow start as no data will be released on Monday. Markets will likely look for news of how $75 billion will be raised by the ten banks in need of extra capital, as per the Stress Tests published last Thursday. Financial shares soared 23% last week, boosting U.S. markets...