There are days like this that I do not know if I am coming are going, or even where I am right now, having just gotten back from another all-night flight. Mortgage backed securities seem to be feeling much the same way as they get unfavorable data and head lower, then data comes in favorable [...]
Tag Archives: Mortgage rate forecasting
Mortgage Market Update
by Robert D. Ashby on 07. Sep, 2009 in Mortgage Rates
Today is Labor Day, a day when we celebrate and recognize all of the accomplishments of workers, as well as the labor movement. And today, we take a break to recognize the hard work that mortgage bonds did this past week in breaking through the ceiling of resistance.
The “squeeze play” I talked about last week [...]