Mortgage Market At a
Glance

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

Another mixed day in the markets. Durable goods data was below expectations, putting pressure on stocks. Stocks rallied slightly with good earnings reports from corporations, but have since fallen back. Even with a strong earnings quarter, companies are predicting a lighter third quarter.

A Treasury Auction of short term notes met with decent demand yesterday and another, with 5-year maturities, is scheduled for today. MBS prices are up on the mixed stock news and good demand for yesterdays auction.

We will be watching today’s auction and the market reaction for indications of where mortgage rates are heading.

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”.

***************************

Sign up for a FREE subscription to the weekly “Mortgage Industry Update” with a full break down of what is going on and where we might be headed.Check out the archive

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