This week is full of economic data inclusive of new and existing home sales, durable goods orders, and GDP. Again, all of this U.S. data will be overshadowed by events in Europe and resolution to their debt problems.
Friday we saw bond yields rise, with mortgage pricing ending the day about .50% worse, as U.S. stocks rebounded. This morning the opposite is true as we see bond prices improving and stocks lower. It appears low mortgage rates will be with us for at least another day.
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