by Bill Bodnar, on June 25, 2020 at 5:09 PM
Mortgage Market Guide's recap of what happened this week and why.
Rates continue to hover at all-time lows with MBS prices near all-time highs. There are three things MMG and its clients are tracking heading into the summer:
- The rise in coronavirus cases
- Overwhelming policy response by the Fed, Treasury, and administration
- Technicals, which will confirm #1 and #2
MBS are glued to its 50-day moving average, the 10-year Note shows no signs of moving beneath .60%, and the S&P 500 remains above its important 200-day moving average.
Find out what this means for you, your borrowers, and your partners:
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