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Mortgage Market Update 6.21.12

| June 21, 2012 | 0 Comments

Market Commentary:

The DJIA is down 60 and the 10 yr Treasury sits at 1.60.The FOMC announcement was a disappoint for the markets as they were expecting much more than an extension of Operation twist. The FOMC is now saving bullets as the situation in Europe grows worse. FHFA House price index is up 3% YOY and is down 17% from the peak in April of 2007 and now sits at April 2004 levels, which I recall was a good year. Spain still having difficulty getting reception of their bonds at below record levels

Category: Market Update

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