Mortgage rates ended last week near the lows of 2010 as mortgage backed securities prices rallied higher in the first half of the day. This allowed most lenders to publish improved rate sheets. Unfortunately these gains didn't make it through the day, MBS prices fell late in the afternoon which forced some lenders to reprice for the worse. After all was said and done rates were just about the same as Thursday's levels . We have a very busy week of data ahead with the highest impacting release scheduled for Friday morning: THE EMPLOYMENT SITUATION REPORT This week began with Personal Income and Spending data. This report gives us three readings on the health of consumers. The first is personal income which shows the monthly change in income that households receive from all sources. Next…(read more)
Mortgage Rates Hold Near 2010 Lows. Reviewing the Week Ahead
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