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Mortgage Market Update 8.20.12

| August 20, 2012 | 0 Comments

Several factors converged to keep Treasury yields rising over the past week. Stability in Europe and continued support for the Euro, generally positive US economic data, continued doubt over new Fed intervention, and techincals all played roles. In Europe, there was little news of significance (which may by itself be enough to call it a “good week”).

 Treasuries and mortgages started lower in price this morning; early trade in the stock indexes somewhat weaker. This week has little scheduled news and data; the Republican convention gets underway but likely it won’t have any market impact. July new and existing home sales and July durable goods orders are all there is this week.

Category: Market Update

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