Friendly, Stable Trend Continues For Mortgage Rates
Trading Range Restored. Big Data on Deck Today's trading was almost a carbon copy of yesterday's with overnight losses, an AM reversal, and gradual improvement that leveled off in the PM hours. With those gains, 10yr yields made a full round trip back to the low
Mortgage Rates Start New Week Slightly Lower
No Whammies in Treasury Borrowing Estimate Bonds were slightly weaker overnight but quickly moved into stronger territory as volume and liquidity ramped up for the new week. Gains were modest and linear--largely extending the friendly trends seen last Thu/Fri. T
Existing Home Sales at 5 Month Lows
As is the case for the monthly data on New Home Sales from the Census Bureau, the National Association of Realtors (NAR) Existing Home Sales report does not make for exciting news these days. It's not that the news is tragic or alarming either. It just sort of... is. Whereas New Home Sales have b
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