Mortgage Rates Sideways as Markets Await Guidance. Discussing Risk Based Loan Pricing
Following a global sell in equities yesterday, prices of mortgage backed securities rose into a range not visited since late July. The rally in secondary markets helped mortgage rates fall to monthly lows.
But will it last?
Mortgages failed to keep the pace with rallying Treasuries yesterday and this morning MBS are already losing steam as stock traders look to test the extent to which equities were sold yesterday. Although mortgage rates fell to previous August lows yesterday, it may not last long if stocks decide pessimism was unwarranted. There has however been a change in market sentiment. Fundamental economic releases, mainly consumer related data, should soon start to have more of an effect on mortgage rates.
…(read more)
Click Here to Get Great Rates And A Speedy Approval From Lending Tree Without Any Hassels.
Go to Source
Related posts:
- Mortgage Rates Hold Steady as Markets Mull European Bailout Mortgage r
- Stock Rally Forces Lenders To Recall Rate Sheets. Mortgage Rates Higher Mortgage b
- Mortgage Rates Move Lower. Most Aggressive Lender Pricing Seen in Weeks Mortgage r
- Mortgage Rates Move Sideways At 2010 Lows. Still Locking Loans Mortgage r
- Mortgage Rates Sheltered From Related Markets. Holding Near Summer Lows Despite a
Related posts brought to you by Yet Another Related Posts Plugin.
Comments
Leave a Reply
