Mortgage Market At a
Glance

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

The volatility continues. After reassurance that the Fed would do what it takes to keep the economy in growth mode stocks soared on Friday. They came crashing back down yesterday after President Obama failed to convince investors that there was a strong plan moving forward.

MBS and bond prices were pushed back up against historical highs, keeping borrowing costs at historic lows.

In economic news this morning, consumer confidence and home prices showed slight improvement, but manufacturing in the Midwest is sluggish. This news has stock prices up this morning. However, MBS prices are holding steady, showing the mixed views investors are holding.

We will be watching the markets closely for emerging trends.

I hope this has helped your business and provided clarity for your clients.
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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