Tuesday, April 29, 2014
Monday, April 28, 2014
Wednesday, April 16, 2014
MARKET WRAP APRIL 16 2014
Mortgage Interest Rates were slightly higher today as investors continued to pull back from yesterday's geopolitically motivated buying spree. Tensions in Ukraine had created a short term spike in demand for fixed income securities like Treasuries and the mortgage-backed-securities (MBS) that most directly influence mortgage rates. Higher demand means lower rates.
Weaker housing data helped to prevent further bond market weakness (bonds tend to improve when economic data is weaker than expected).
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