Maine Mortgage Market Update 11.09.2010

Mortgage bond prices are lower mid-morning adding to the losses seen Monday afternoon. Rates are under pressure as mortgage companies sell bonds to cover borrowers who have locked in. This selling pressure pushes prices lower and yields higher. Traders will spend the day watching stocks as they wait for the outcome of the Treasury auctionContinue reading “Maine Mortgage Market Update 11.09.2010”

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