Follow rate trends - updated daily by Mortgage Professionals
Do I Hear 118 Billion? - 11/19
Posted 11-19-2009 at 10:24 AM by dlenski
Do I Hear 118 Billion?
11/18/09 Mortgage Backed Securities are plus 9bp this morning. The Treasury will auction 118 billion in new notes next week. Intial jobless claims came in as expected. Philly Fed was better than expected. The chip sector took massive downgrades and is fueling a sell off in equities. There has been no real move in rates this morning. We continue to warn that a weak demand for the auctions next week would spike interest rates. These are some of the lowest rates of the year. Take advantage while the opportunity is here.
Here is a list of high impact news being released next week. PCE will be released on Wednesday. Auctions are scheduled for Monday, Tuesday and Wednesday.
www.mortgageserviceswi.com
11/18/09 Mortgage Backed Securities are plus 9bp this morning. The Treasury will auction 118 billion in new notes next week. Intial jobless claims came in as expected. Philly Fed was better than expected. The chip sector took massive downgrades and is fueling a sell off in equities. There has been no real move in rates this morning. We continue to warn that a weak demand for the auctions next week would spike interest rates. These are some of the lowest rates of the year. Take advantage while the opportunity is here.
Here is a list of high impact news being released next week. PCE will be released on Wednesday. Auctions are scheduled for Monday, Tuesday and Wednesday.
www.mortgageserviceswi.com
Total Comments 0
