Market Review ►A LOOK BACK – Last week we saw relief in mortgage rates. Mortgage rates had run-up significantly due to whispers in the credit markets questioning the US AAA credit rating coupled with Russia and Brazil putting the world on notice that they would begin investing in the International Monetary Fund versus debt [...]
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Filed under: Economy/Market, Katy Family Homes, Lenders
Market Review ►A LOOK BACK – Last week was the second bad week in a row for mortgage rates. Three main factors are hurting rates – the inflationary implications of a lower dollar on international currencies, higher oil prices and the massive amount of supply of Treasury bonds and mortgage-backed securities due before Sept. [...]
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Filed under: Economy/Market, Katy Family Homes, Lenders
Market Review ►A LOOK BACK – Last week the Treasury auctioned a massive supply of bonds and the market absorbed the supply with solid buying. The April Non-farm Payrolls report showed that employers slashed payrolls by a smaller than expected 539,000 workers. The good news – that was the smallest number of jobs lost [...]
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Filed under: Economy/Market, Katy Family Homes, Lenders
