MMG Weekly Recap 6/25/20

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:

  1. The rise in coronavirus cases
  2. Overwhelming policy response by the Fed, Treasury, and administration
  3. 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: 

MMG Weekly Recap 25JUN20

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Topics:Mortgage Market GuideMMGMortgage TechnologyMMG Weekly RecapStocksMBSMortgage RatescoronavirusTreasury