Mortgage markets improved last week despite a series of volatile trading sessions.
A combination of weaker-than-expected economic data and massive-sized Treasury auctions kept investors guessing and mortgage rates moving.
Weak data nudged rates lower
Treasury auctions pushed rates up
By Friday, however,...
The Mortgage Market held its own today after the first of four historic Treasury auctions took place. The U.S. Treasury‘s plan to sell its most weekly debt in history. Across four separate auctions, the government is selling $115 billion in notes. If the notes are in low demand, bond prices will...
June 1, 2009 started as another brutal day in the Mortgage Market. On top of the negative bankruptcy news for GM Mortgage Rates increased after a nice head fake last Thursday and Friday. After reaching as low as 4.375% on a 30 YR in May. Mortgage Rates came in like a lamb and left like a lion (see May 2009...
