MMG Weekly Recap 2/21/20
by Bill Bodnar, on February 21, 2020 at 12:34 PM
Mortgage Market Guide's recap of what happened this week and why.
The U.S. Bond market is finishing the week in fine fashion. But the Treasury market, which is not where mortgage pricing comes from, is seeing outsized gains when compared to mortgage pricing. In addition to the news flow, the technicals are super important to follow now as Bonds are challenging resistance at multi-year highs. If Mortgage Bonds can break above this ceiling, that ceiling will become a floor and we may very well visit historically low mortgage rates. On the other hand, Bonds could easily be turned back from resistance like it has each of the past few weeks. With a full calendar of economic news next week, there is a lot to follow.
Find out what this means for you, your partners, and you borrowers in this edition of the MMG Weekly Recap video.
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