Tagged with Treasury Notes
-
Trouble for the Housing Market
The treasury will be borrowing about $102 billion worth of 2 yr, 5 yr and 7 yr notes or roughly $2 billion less than it borrowed last month. July existing home sales are due out and are expected to be down roughly 13% while new homes sales are actually expected to have increased 3%. Existing [...]
-
Mortgage Rates Continue to Drop as Jobs Continue to Disapear
More bad news came for the economy last week. 131K jobs were lost in the month of July even as private jobs showed an increase of 71K. If that pace holds, it could take as long as seven years just to get back the 8.5 mil jobs that have already been lost. Weekly jobless claims [...]
Categories: Uncategorized -
Mortgage Rates Continue to Hold As New Home Sales are on the Rise
Mortgage rates held relatively steady last week despite an increase of roughly 7 basis points on the 5 year and 10 year treasury notes. A majority of the rate market activity recently has been in treasuries with mortgage rates remaining surprisingly stable. The stock market remains confined to a wide trading range with many large [...]