Check out my website, www.DaveShelor.net and click on rates. 30 Year rates as low as 4.250%, 15 year rates as low as 4.125%. Rates are subject to change without notice.
Mortgage bond prices remain positive this morning adding to the small gains from yesterday after relatively bond friendly data. Personal income fell 0.2%, weaker than the expected 0.1% decrease. Outlays rose 0.2% as expected.
There is another Treasury auction this afternoon Debt supply concerns continue to pressure bonds as a whole as the most recent auction was rather poor.
The UK had a failed auction this week and if that ever happened to the US all bets are off. Expect more of the same with the Fed being the primary buyer of mortgage bonds.
Consumer sentiment data came in at 57.3 versus the expected 56.8 mark, not bond friendly.
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Thank you for your remarks. I will review your submission and post it accordingly. Dave.