What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll. As the European bond market strengthened, so has the US market. US 10-year yields have been steadily decreasing. MBS have retraced a majority of the losses from last week. The European bond reinvigoration was due to new QE purchases and political drama in Greece.
Check back tomorrow to see the results of the 10-year note auction; Thursday there will be the release of import and export prices.
Monday: It has been a quiet day in the US bond market. Yields have been increasing, while prices have been lowering. The majority of activity is currently occuring in Europe.
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