Well, we continue to see change. Too bad none of it appears to be helping the consumer. We continue to hope that the monies provided to the major banks will provide the emotional climate for bankers to start loosening the proverbial purse strings.
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Mortgage (bond) markets weakened today, after rallying for the last several days. Many who had been buying into the QE2 myth have been stunned into reality, with mortgage rates continuing their upward trend. Analysts and economists are both warning of upcoming bond bubble. Although there is no sc...
December 2, 2010 Bonds: 10-Yr TSY 3.00% MBS 4.0% 100.44 MBS 3.5% 97.03 Stock Markets: DOW +96 at 11352 S&P +12 at 1218 NAS +22 at 2571 Market Commentary: Mortgages took a beating yesterday. Pricing ended up over a full point worse than the day prior. Today, the weakness continues as the 10y tr...