Mortgage rates extended their recent rally yesterday as stocks slide and investors continued to flock to risk averse assets like U.S. government guaranteed Treasury debt. Much like Tuesday, it was an "up and down" day in financial markets. Mortgage rates were initially indicated higher at the beginning of the day but that didn't last long and mortgage-backed security prices ended up closing at their highest levels of 2010. Several reprices were reported during the most volatile hours of the trading session. Mortgage rates ended the day priced near their most aggressive levels of the year. READ MORE There is no economic data scheduled to be released tomorrow, so today is the last day of the week for market participants to digest economic news. First to be released were Weekly Jobless…(read more)
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