Global events in China and Greece had a significant impact on US mortgage markets this week, but in opposite directions. In addition, demand was much weaker than average for the 10-year and 30-year Treasury auctions, which pushed up yields.? ? The net result was a slight increase in mortgage rates from last week.
A surprise [...]
Posts Tagged Economics
Weekly Recap
Feb 15
The biggest influence on mortgage rates this week came from outside the US. Concerns about the possible default of sovereign debt in smaller nations caused investors to seek the relative safety of US fixed income securities. This week’s economic data was roughly balanced in terms of positive and negative surprises. The added demand for safer [...]
LAST WEEK? -? ? Another decent week for the bond and mortgage markets, the benchmark 10 yr treasury yield fell 8 basis points to its key near term support at 3.60% and mortgage rates for 30 yr loans were also down 8 basis points. The week was punctuated by the 470 point fall ion [...]
Weekly Market Review
Jan 18
? One primary long-term concern for mortgage investors is that the enormous level of stimulus intended to boost the economy will lead to higher inflation. Inflation erodes the value of fixed income investments, so future inflation expectations are a major determinant of bond values, including mortgage-backed securities (MBS). Inflation has not been a factor in [...]
