Mortgage Market News for the week ending November 9, 2012. Two major factors were positive for mortgage rates this week. President Obama won the election, and concerns about Europe increased. As a result, mortgage rates ended the week lower. The conventional wisdom was that an Obama victory would be positive for bonds and negative for…
Mortgage Market News for the week ending November 2, 2012. Mortgage-backed securities trading handled the issues caused by Hurricane Sandy without any major disruptions. Stronger than expected economic data also had little impact, and mortgage rates ended the week with little change. Friday’s Employment report showed that the economy added roughly twice as many jobs…
Mortgage Market News for the week ending October 26, 2012. In a week packed with a Fed meeting, significant economic data, and Treasury auctions, there were no major surprises to be found. European events, often a source of market moving headlines, also had little impact this week. As a result, mortgage rates ended the week…