Over the past month, investor concerns surrounding a fiscal funding shortage in Greece were generally left unaddressed by European leaders. While policy makers abroad openly discussed a solution to growing fears that Greece would default on its debt, they never implemented a clear solution to calm the...
Mortgage rates moved higher for the second day in a row yesterday as investors took profits and set up positions for the release of Non-Farm Payrolls data today. As a reminder, when mortgage-backed securities prices move lower, lenders are forced to offer higher mortgage rates. If MBS prices move higher...
Despite mixed economic reports last week, mortgage rates held near four month lows as prices of mortgage-backed securities approached four month highs. General weakness in stock markets contributed to the rally in fixed income and mortgage rates. As stock sold, Treasuries rallied, MBS moved higher in...