Mortgage rate update for Tuesday, February 9th, 2010
Most rate prices are worse today as mortgage bonds continue to slide with Treasuries ahead of today’s $40 Billion 3-year note auction. Bonds are under pressure this morning as the stock
market bounces back with the Dow back up over 10,000 as investors are buoyed by hopes of a Greek bailout plan as well as positive comments from analysts on industrial stocks. The MBS market continues to be thinly traded with the Fed more than able to soak up the paltry supply generated by originators. Today is roll day for Fannie MBS and we are seeing some improvement since market open as the Dow recedes below 10,000 again in back and forth trading.Search for rate updates at LoanFetch.com:
In the news today:
- U.S. Small-Business Index Rises for First Time in Three Month
- U.S. wholesale inventories unexpectedly fall in Dec
- Treasuries Decline Before $40 Billion Three-Year Notes Sale
- Trichet return fuels talk of EU action on Greece
- Auditor says France must urgently reduce public debt
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