Mortgage Market Guide's recap of what happened this week and why.
Mortgage Bond prices are testing all-time highs while we watch for a potential "Triple Top" formation. The 10-year yield is elevated and continues to make higher highs and higher lows since the summer. There is a major tug-of-war at play – vaccine hopes versus a meteoric rise in COVID-19 cases.
Next week is holiday shortened and there is a lot of data crammed into the calendar which includes Treasury auctions, GDP, Durable Goods, and PCE.
Find out what this means for you in this week's recap video:
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