Maine Mortgage Market News – 10.20.2010

Mortgage bond prices opened negative this morning erasing some of the gains from yesterday afternoon. We rallied yesterday following significant stock weakness. The DOW closed down 165 points.

Stock futures point to a positive open later this morning. We will see how things progress. If stocks rebound we could see further weakness on the day.

We have Fed Beige Book data this afternoon. No need to panic but still has the potential to move the markets.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s