What will Rates do Friday? Mortgage professionals are voting in our daily poll.
Mortgage rates today are bouncing back from the impact of yesterday's Corporate Debt Issuance and Treasury Data. The release of Supply Data, namely Jobless Claims, Import/Export Prices, as well as Wholesale Inventory numbers didn't impact markets much today. Yields have retuned to the same narrow range that they have been trading in since late July 2015. Today the pressure comes from the fact that we are heading into the Treasury auction timeframe. We are in a negative consolidation pattern, meaning that the lows and highs are converging at about 1:00pm, and currently are pointing towards highter yields. Same goes for Mortgage Backed Securities. It will be interesting to see what happens in the afternoon trading hours today.
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Displaying rates for Mortgage Refinance in CA for $200,000
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