-
Mortgage rates are moving higher this morning as prices of mortgage backed securities have been led lower. To remind readers, as the price of MBS move higher lenders can offer lower mortgage rates and as the price of MBS moves lower, lenders are pressured to offer higher interest rates. The only data...
-
A steady rally in benchmark Treasury yields yesterday helped prices of mortgage backed securities move to five month highs which allowed lenders to keep mortgage rates near five month lows. The major event that took place in the rates market yesterday was the Treasury auction of $20 billion in 10 year...