Yesterday I wrote that mortgage rates were under pressure because stocks were rallying. Yes stocks were indeed on a winning streak, but the bond market hasn't done all that bad...all things considered. Don't get me wrong, mortgage rates are definitely higher than they were last week, but by pricing...
Mortgage rates moved mostly sideways near newly hit 2010 lows yesterday but did come under a small amount of upward pressure late in the day as the stock market rallied into the close. As the prices of mortgage backed securities moved lower, many lenders repriced for the worse, but the increases in consumer...
After a two day losing streak, mortgage rates found stable footing yesterday afternoon as a rally in the benchmark Treasury market helped move mortgage-backed security prices higher which allowed lenders to reprice mortgage rates for the bette. Our busy week of economic data and influential events comes...
Two reports that contribute to the picture of the housing industry were released on Monday. After news from the subprime mortgage market , the quarterly delinquency report, and the accompanying reaction of the stock market the two most recent pieces of information were pretty much non-events and the...