lakeside ca mortgage rates: Mortgage News for Week Ending June 28, 2013 - 06/28/13 06:04 AM
Fed Speeches Drive Markets
It was another incredibly volatile week as investors attempted to determine the impact of last week's Fed announcement on mortgage rates. Early in the week, mortgage rates continued to move higher, but soothing comments from Fed officials caused mortgage rates to reverse direction. After all the daily swings, mortgage rates ended the week a little lower.
A number of Fed officials made speeches this week, and the common theme was that investors overreacted to last Wednesday's Fed statement. Fed officials were surprised by the magnitude of the increase in yields on Treasuries and mortgage-backed securities (MBS), and … (0 comments)