During the last two weeks of 2009, rates made a pretty significant move upward. We have been warning about potential regarding volatility with regard to the bond market. The past few months before the end of the year were void of this volatility. Despite this, the markets moving significantly should not have caught us by surprise. Many will say that there was very light volume in the markets during these two weeks. Certainly light volume can exacerbate tendencies toward volatility in the short run. However, even if rates move back down, we believe there is a lesson to be learned here.Read more
More state and national mortgage news and mortgage press releases:
- The Secondary Market Overview: From bonds to production … Fraud and the secondary markets Today’s issue is fraud. Fraud affects the secondary markets...
- The secondary market overview: From bonds to production … Low rates and fences We have ended our perspective on what happened in...
- The Secondary Market Overview: From bonds to production … Rub-a-dub-dub: The fed pulls the plug Okay, that is a bad rhyme. But the truth...
- Trend Spotter: Motivating move-up buyers Congress has extended the $8,000 first-time homebuyer tax credit...
- Seven tips for success in a down market: Charting your winning course A quick review: July 2009 marked the largest gain in...
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