Rates IMPROVING a little!

Wednesday, September 25, 2013 4:30 PM

blog watch rates

Another good day for the bond and mortgage markets; the 10 year got to 2.62%, 2 bps pints from the next technical resistance where this run may stall. 30 Year MBS prices in the last week have moved up 154 bps on the 4.0 coupon. We are anticipating some pullback but not concerned that the trend will change to higher rates. The Fed refrained from tapering as we continually noted it should last week but we were the Lone rangers in that view. The economy is still weak and the data is supporting that outlook. Housing is improving but this summer manufacturing slipped, retail slipped and although improving slightly China and Europe and emerging markets are barely hanging on. Markets still miffed that the Fed disappointed, the whining continues from many corners—-poor babies.

About valoliver

I was born in San Francisco, raised in San Mateo. I have three children. I have been in the Mortgage industry for over 30 years.
This entry was posted in Home Financing, Mortgage Rates, Mortgages, Rates, Real Estate, Real Estate Mortgages, Uncategorized. Bookmark the permalink.

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