Mortgage Rates Touch 2010 Lows
Posted To: Mortgage Rate Watch
Mortgage rates didn't make much progress in either direction yesterday despite some bond market friendly economic data and a successful Treasury note auction. Mortgage backed securities traded in a tight range which prevented most lenders from passing along improved mortgage rates. The economic calendar started this morning with weekly Jobless Claims. This report provides three measures of the labor market: Initial Jobless Claims : totals the number of Americans who filed for first time unemployment benefits Continued Claims : totals the number of Americans who continue to file for benefits due to an inability to find a new job Extended Benefits : totals the number of Americans who have exhausted their traditional benefits and are now receiving emergency benefits While an increase in jobless...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.