Mortgage Interest Rate Market Guide

Daily Mortgage Interest Rate Observer 07/29/09

Overview of yesterdays activity and todays direction:

  1. Mortgage gained moderately yesterday despite auction sales drama
  2. 2 yr treasury auction not well received by bond markets
  3. Today - watch the 5 yr auction
  4. Durable Goods are out already this morning, coming in weaker than the worst estimate

Rates are improving at this moment.


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