Lowest Mortgage Rates in More Than a Month
Thursday's Data Offered No Objection to Overnight Rally Thursday's PPI was just as tame as Wednesday's CPI and, for a moment, it looked like bonds were going to offer an encore performance of the post-CPI rally. But in Thursday's case, bonds had already ra
Mortgage Rates Fall as Inflation Data Comes in Soft
Nice Rally on Data and Auction Results Wednesday ended up being a straightforward session for bonds with a large CPI beat prompting a decently swift rally in the bond market. Shorter maturities did the best--also logical considering the proximity to the Fed Fund
Mortgage Rates Inch Slightly Lower
No Drama Today. How About Tomorrow? After a slightly bumpy start for reasons that remain unknown, the bond market settled into an uneventful sideways grind that lasted through the 3pm CME close. Both MBS and Treasuries were effectively unchanged and the latter d
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