Posted To: Mortgage Rate Watch
Mortgage rates held steady yesterday. An overall lack of economic data and influential news contributed to what turned out to be a very slow day in the interest rate marketplace. After hitting new price highs on Friday, mortgage backed securities prices lost some ground in yesterdays session. Price losses were not substantial enough to force lenders to reprice for the worse though, lender rate sheets were left unchanged on the day. There were a few off-radar reports released that deserve some attention: Wholesale inventories : U.S. wholesale inventories unexpectedly fell 0.8 percent in December, while sales rose 0.8 percent. READ MORE . A very relevant commentary was just published on MND about this release. Here is a comment from the post. From MBS OPEN: Inventories Account for 59% of GDP…(read more)
Technorati Tags: fico, inventories, left-unchanged, marketplace, mortgage rate, mortgage rates, rate, SEC, some-attention, very-relevant
IceRocket Tags: fico, inventories, left-unchanged, marketplace, mortgage rate, mortgage rates, rate, SEC, some-attention, very-relevant
February 17th, 2010 at 3:12 pm
Solid post! I was thinking of writing on the identical matter recently but you’ve beat me to it. Cheers!