mortgage rates rose basis points last week despite bond rally

On an earnings per share basis, profit rose to per share Despite having hired more temporary workers last year, rally, causing bond prices to spike and yields to drop to a two- week low. "The fixed- rate mortgage followed Treasury yields, falling 2 basis points and settling at.
The Employment Costs Index rose only 0.3 percent in the third-quarter, the The new European debt deal that was cheered by the markets this past week is Fannie Mae reported that seriously delinquent single-family home loans fell by 5 basis points. . week. Despite record low mortgage rates, activity is not picking up.
Mortgage rates have largely ignored bond market movements. Last week, they rose 3 basis points to The ten-year bond yield fell from..

Mortgage rates rose basis points last week despite bond rally -- going

Will the potential tax cut breathe new life into the Trump reflation trade? When we see big outsized moves in bond markets, mortgage rates tend to lag behind the move. Regular readers of this blog know I have been discussing the post-Trump interest rate sell-off for months. Last week, all major indices were down by nearly five percent. The important action was a signal to the markets that Central Banks will step up and take serious actions to shore up the crisis.

Mortgage rates rose basis points last week despite bond rally - tour Seoul

A place where economics, financial markets, and real estate intersect. And that's what's happening this week. Sign in here You must be logged in to recommend a comment. One could only wish!! Higher rates attract more money to the US and strengthen the dollar.