Mortgage Market Guide's recap of what happened this week and why.
Mortgage Bonds recovered a bit from last week, but yields remain elevated in response to some weak buying demand in Treasury auctions and inflation fears. The cost of lumber has more than doubled in the past 2 months. This will make new homes more expensive come fall.
Next week we are tracking to see if there is any progress on a stimulus bill. There will also be more auctions and readings on inflation. Floaters beware.
Find out more in the weekly recap video:
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