Mortgage Market At a
Glance

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

The Fed statements yesterday continued the belief that the recovery is underway, but happening at a sluggish pace. Investors reacted by selling off stocks and seeking the safety of bonds. The Fed also indicated that they would continue their investments in the Treasury Market if the economy needs it.

As we suggested in Monday’s Market News, the stock rally appears to have stalled and MBS are benefitting. Prices have not returned to the highs of late August, but we are headed back in that direction.

With no major economic news coming out today, our focus will be on the stock markets. Will investors see bargains and start buying? Will they see gloom and continue selling? In general, if stocks are dropping in price, it is reducing borrowing costs.

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