MBS MID-DAY: Not Much Change in Prices, but That's More Meaningful Today

Hot news from AZ Home Help:

Posted To: MBS Commentary

Looking at charts, we might well conclude that bond market trading remains uneventful. This wouldn't be a surprise , after all, considering the heretofore theme of 'summer doldrums' over the past week. But developments behind the scenes make the flatness more meaningful. The most noticeable development isn't actually behind the scenes. In fact, it's rather hard to miss today. Headlines abound regarding the "strongest Existing Home Sales in 8 years" and "record high home prices." Not only that, but the data came in stronger than expected--a fact that typically is net-negative for bond prices. Despite that, bonds prices held their ground and improved after the data. There was also pressure from 'behind-the-scenes' factors surrounding another uptick...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Source: http://www.mortgagenewsdaily.com/mortgage_rates/blog/490907.aspx

- For more real estate news visit our website at http://www.AzHomeHelp.com