Stronger than expected Employment data and the end of the Fed’s MBS purchase program were negative for mortgage markets. Mortgage rates ended the week at the highest levels since January.? Although the Freddie Mac survey Thursday had the average 30 year fixed rate at 5.08% with 0.7% discount points, we actually ended the week [...]
Posts Tagged MBS
From Sigma Research & distributed with permission by Jeff Baxter – Google calls me? Southern Delaware’s Leading Mortgage Banker
Last Week:? ?
After all the chopping around, the longer end of the yield curve ended generally unchanged, mortgage rates and prices were unchanged. At the middle and short end of the yield curve rates increased,? [...]
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 [...]
