Mortgage Market Guide's recap of what happened this week and why.
There are three market movers we are watching this week and weeks ahead:
A possible stimulus measure
A concerning rise in COVID-19 cases, hospitalizations, and deaths
These storylines will likely carry us until the end of the year and beyond. Next week the Treasury is going to sell a boatload of 3- and 10-year Notes, and 30-year Bonds. With rates elevated, it will be interesting to see what the buying appetite looks like next week.
Be positive, test negative.
Find out what this means for you, your partners, and your borrowers in this week's recap video:
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