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    Tag: july 30 mortgage rates

    Rate Update July 31, 2009

    After moving higher yesterday, mortgage rates have reversed back down to the levels seen on Wednesday.  Why the sudden reversal? In yesterday’s ‘rate update’ video I reported that foreign participation in the US Treasury auctions were relatively light through Wednesday.  This is a bad sign for mortgage rates because if foreign investors don’t buy our [...]

    Rate Update July 30, 2009

    Mortgage rates ticked higher this morning. Watch today’s you tube video for an explanation. Here are links that are referenced in today’s you tube video: *‘Rate update’ at the beginning of 2nd-quarter earnings season *‘Rate update’ at the beginning of this week on the subject of the treasury auctions Current Outlook: locking