Mortgage Market Guide - 12/23/08
Mortgage rates didn't fair well today due to bond selling pressure. Trend was worse until a short midday rally. Even with the midday rally we didn't see any rate improvements come over until about 2pm. At this point, rates continue to be calm. Inflation pressures were benign today. I have to think there was a lot of year end bond selling for tax reasons. We'll know more if that is or is not the case when/if buying picks up after the first. Enjoy your Christmas.
1 Comments |
0 Trackbacks
love the graph.. can you let us know what the rates are?
Posted by maryyang — 24 Dec 2008, 07:05