MBS RECAP: When Is Strength Actually Weakness In Disguise?

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Posted To: MBS Commentary

MBS Live : MBS Afternoon Market Summary When is strength actually weakness in disguise? This is not a trick question. It's probably applicable to many topics, but today it runs the risk of being applicable to bond markets and mortgage rates. This isn't to say that interest rates are definitively "doomed" and that any motions toward recovery are therefor invalid. This isn't the product of brainwashing or band-wagon jumping with the multi-month bias moving us regularly higher in rate (though such ignorance is temptingly blissful). This is quite simply about the fact that bond markets rallied today and were clearly unwilling or unable to move past the technical levels that would pique our interest in further positive possibilities. Sure... that could easily happen tomorrow, but all we know is...(read more)

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Source: http://www.mortgagenewsdaily.com/mortgage_rates/blog/296987.aspx

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