mortgage banker: Mortgage Update For The Day Wednesday - November 13
- 11/13/13 10:59 PM
There were no major economic reports released today and the week's calendar is on the light side. The major Stock Indexes are trading lower as investors take some profits due to record high levels. Mortgage Bonds are trying to stabilize after Friday's big drop due to the much better than expected Jobs Report. Investors tend to shift out of the safe haven of the Bond markets and into more riskier assets when there is positive economic data. Over in the mortgage market, the Mortgage Bankers Association reported today that its Market Composite Index, a measure of total loan application volume, fell … (2 comments)
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