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Mortgage rates moved higher for the second day in a row yesterday following another weaker than anticipated Treasury note auction. Less investor demand for 3 year and 10 year Treasury notes combined with what seems to be the beginnings of a recovery rally in stocks both contributed to rising consumer...
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Mortgage rates extended their streak of moving sideways near the most aggressive levels of the year yesterday. Although prices of mortgage backed securities were moderately weaker at the end of the day, lenders were not forced to reprice for the worse, leaving rates unchanged at the end of the day but...
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Mortgage rates have been stuck in a back and forth battle all week. We started the new year with improvements which carried over into Tuesday only to see positive momentum fizzle out yesterday morning after the St. Louis Federal Reserve released a paper titled:INFLATION MAY BE THE NEXT DRAGON TO SLAY...