Mortgage Rates to Battle Stocks and Debt Supply

In what was a volatile week, prices of mortgage backed securities moved progressively lower which unfortunately forced lenders to raise the par 30 year fixed mortgage rate from 4.875% up to 5.375% by week's end. While stocks went sideways most of the week in anticipation of the release of the Employment Situation report on Friday, Treasury and MBS priced in the possibility that the data would be "better than expected"….(read more)
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