Mortgage Market At a
Glance

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Good demand for yesterday’s Treasury Auction, along with a week showing in stocks pushed MBS prices back up to historical high levels. This moves borrowing costs down.

Stocks have regained ground this morning with strong earnings reports, here and abroad. Jobless claims have fallen for the third straight week, but analysts still believe the overall jobless number is way too high to signal any meaningful recovery.

There is another Treasury auction today. We will again be watching the demand for the long term debt and see how stocks fare. At the moment, the Dow is up 30 points and MBS prices are still holding on to the gains made yesterday.

There will not be a Mortgage Market At a Glance tomorrow, but check out Monday’s newsletter for a complete wrap up of the week and a look at what is to come.

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