Mortgage Market At a
Glance

For information on highlighted terms in the commentary, click here.

MBS held steady yesterday despite a good day in stocks. Markets were optimistic after strong results from European Bank stress tests and a solid increase in June’s new home sales.

Stocks opened the day up again, with good earnings reports and strong support for banks. The optimism has been tempered with the release of data showing consumer sentiment is still low based on lack of confidence in the job sector.

MBS have held steady while other Treasuries prices have dropped.

There is a lot of information being absorbed in the markets and swings are likely. Rates are at historic lows and we know they have to start edging up. Stay in close contact with your mortgage professional and don’t miss a great opportunity waiting for the perfect moment.

I hope this has helped your business and provided clarity for your clients.
Use “Post By Category” on the right to review previous “Mortgage Market At a Glance”.

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Mortgage Market At a Glance™ indicates the trend of mortgage rates and provides commentary about market conditions.

This format is not to meant to offer locking, or any other advice on any specific situation. It is for informational purposes only.

Market data is subject to change without notice.

Feel free to contact me if you have questions. 520-271-7495 Tom@TheHeathTeam.com