Poor reads on housing and manufacturing helped mortgage rates move back to historic lows yesterday. However as the day progressed mortgage-backed securities prices fell from their highs and some lenders were forced to reprice for the worse. Rate sheet recalls were not broad based though. We had only...
Mortgage rates bounced back and forth in a relatively tight range before going out at their highest levels of the week last Friday. Although prices of mortgage-backed securities managed to rally of their lows of the day, most lenders did not reprice for the better. The only economic data we got today...
For most of yesterday's trading session it appeared mortgage rates were destined to move higher. Benchmark Treasury yields and mortgage-backed security prices opened lower and held near their weakest levels of the year all the way into the 7-year Treasury note auction. Many lenders actually repriced...
FREDDIE ISSUES JUNE ECONOMIC PROGNOSTICATION If you want to add a headache to your day's aggravation, you are invited to read the latest Economic Outlook report issued late Wednesday by Freddie Mac's Office of the Chief Economist. It isn't their fault, nobody seems to understand what is going on nationally...
Posted to
MND NewsWire
by
Glenn Setzer
on
Fri, Jun 10 2005
Filed under:
Filed under: mortgage rates, home prices, mortgage originations, new home sales, existing home sales, consumer confidence, gross domestic product, trade deficit, Freddie Mac economic report, GDP first quarter 2005, Freddy Mac, unemployment, stable inflation, low inflation, U.S. exports, labor costs, job creation