Hot news from AZ Home Help:
Posted To: MBS Commentary
On Tuesday we issued a directional MBS alert because the bond market seemed to be in the midst of shift in its underlying technical bias, from bearish to bullish. We cited several different motivations for the recent turn around in benchmark Treasury yields, production MBS coupon prices, and mortgage rates, but the headline grabbing explanation for the move was the actual headlines themselves. We explained it to consumers as so.... "Conflict in Libya and the potential for a spill over into other oil producing countries has energy traders nervous about shrinking oil inventories. The chance for a supply/demand driven spike in energy prices is seen as a threat to the already sensitive U.S. economic recovery. Many economists believe rising energy costs would squeeze disposable income on Main Street...(
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Source:
www.mortgagenewsdaily.com - For more real estate news visit our website at http://www.AzHomeHelp.com
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