Mortgage Rates Lower as Risk Aversion Takes Over

July 13, 2009 · Posted in Latest Interest Rates 

Price of "rate sheet influential" mortgage backed securities lost some ground yesterday following tepid demand at the 30 yr bond auction. More than anything this reflects the market consolidating and taking profits from the recent run up in fixed income prices. Unfortunately the selloff in the fixed income market led to most lenders repriced for the worse, pushing mortgage rates higher.

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