Maine Mortgage Market Update 10.27.2010

Mortgage bond prices opened lower Wednesday morning addling to the losses seen Tuesday afternoon. Rates are under pressure from strong economic data released this morning. In news released at the open, orders for durable goods rose 3.3%. Traders were expecting orders to rise 1.8%. That data was sharply higher than expectations and not bond friendly.Continue reading “Maine Mortgage Market Update 10.27.2010”

Mortgage Rates Rise on Treasury Bond yield

  Today the yield on the 10 year Treasury Bond is up sharply over last week and Maine Mortgage Rates have come up with it. There was a weak 5 year auction yesterday (pushing yields higher) and there is a 10 year Treasury Bond auction today (pushing yields higher). Traders expect bond yields to retractContinue reading “Mortgage Rates Rise on Treasury Bond yield”

%d bloggers like this: