Mortgage Market At a
Glance

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


Existing home sales beat expectations, jobless claims rose for the first time in weeks, and stocks fall on the news. Negative job data will trump positive economic news the majority of the time. Investors see positive news as temporary. Once they see the news coupled with job growth, they will believe the recovery is real and in full swing.

Bonds and MBS prices have benefitted this week and borrowing costs are down. With the news today, MBS prices had an early morning surge, but have fallen back to flat. The big news for the day will be when the Treasury announces the size of next week auctions. Increase supply will be added to the system and we will see how strong the demand is.

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