A lack of economic data combined with generally optimistic actions in the stock market kept mortgage-backed securities mostly unchanged yesterday morning, however, following a strong 10 yr TSY note auction, mortgage rates made modest improvements in the afternoon. The U.S. Department of Labor released...
Recap of Yesterday Fed's Beige Book says residential real estate has improved but commercial remains weak, loan demand also weak, retail sales flat. However....5 of 12 districts note signs of improvement as economic activity is stabilizing. Modest improvement in manufacturing. Mortgage apps hit three...
The U.S. trade balance, jobless claims, and import prices will highlight the day's economic news with Canada receiving the international merchandise trade balance and new housing price index. In Europe, central bankers are busy attending the Ecofin meeting in Nice, France where ECB President Jean...