santee san diego mortgage: San Diego Mortgage News - July 10, 2013
- 07/10/13 05:36 AM
Markets started quietly this morning ahead of this afternoon’s triple threat. At 1:00 $21B of 10 yr notes will be auctioned, the demand will be important after the recent increase in rates; at 2:00 the minutes from the 6/19/FOMC meeting that triggered the recent explosion in rates; at 4:10 Bernanke will speak, his remarks will be key to the next move in interest rates---but not necessarily the final word. Since last Friday’s overdone selling in the mortgage area the prices have rebounded and recovered about 60% of the declines. The 10 yr note increased 22 basis points in rate last Friday, but has only taken back 10 basis … (0 comments)
santee san diego mortgage: San Diego Mortgage News - June 28, 2013
- 06/28/13 02:03 AM
Very early today the 10 yr note was better with the yield down to 2.47% down 1 bp frm yesterday; it didn’t last however, at 8:30 the 10 yr yield increased to 2.50% with US stock indexes working lower early after the strong improvements over the last few days. Mortgage prices at 9:00 -20 bps frm yesterday’s close.
At 9:30 the DJIA opened -72, NASDAQ -11, S&P -6. 10 yr at 2.54% +6 bp and 30 yr MBSs -50 basis points. No real let up in underlying volatility, and it will continue through next week at least.
Over the last couple of days, and after the … (0 comments)
Markets started quietly this morning ahead of this afternoon’s triple threat. At 1:00 $21B of 10 yr notes will be auctioned, the demand will be important after the recent increase in rates; at 2:00 the minutes from the 6/19/FOMC meeting that triggered the recent explosion in rates; at 4:10 Bernanke will speak, his remarks will be key to the next move in interest rates---but not necessarily the final word. Since last Friday’s overdone selling in the mortgage area the prices have rebounded and recovered about 60% of the declines. The 10 yr note increased 22 basis points in rate last Friday, but has only taken back 10 basis … (0 comments)
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