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MMG Weekly Recap 5/22/20

by Bill Bodnar, on May 22, 2020 at 11:29 AM

Mortgage Market Guide's recap of what happened this week and why.

Mortgage Bonds and Treasury prices were able to recover from the midweek selloff. MBS found support at the 50-day moving average and the 10-year yield pushed back lower from resistance at .72%.

There is a lot of optimism heading into this long weekend. We are still watching to see how states open and if there is an increase in cases. It's a little early right now, but at the moment we are not seeing a resurgence of cases. This is welcome news, and if it continues, would be a proxy for the rest of the country. 

Find out more about what this means for you, your borrowers, and your partners: 

MMG Weekly Recap 22MAY20

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Have a wonderful Memorial Day weekend and be safe.

Topics:Market analysisMortgage Market GuideMMGMortgage TechnologyMMG Weekly RecapMarket IntelligenceMBSEconomyUnemploymentcoronavirus

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