Mortgage bond prices rose last week pushing mortgage interest rates lower. Bond trading remained volatile with large swings throughout the week. Trading was tied to news from Europeon the ongoing Greek debt crisis and stocks. Ben Bernanke, acknowledged in his press conference that the economyhad hit a “soft patch” and that the governing body expected to see unemployment remain “elevated” for years. Mortgage bondsended the week better by about 1/2 of a discount point.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment