Thursday, August 1, 2013

The Mortgage Update 8-1-2013

Thank you, Ben Bernanke. The market rallied after Ben reaffirmed that he might keep purchasing bonds, depending on economic data. This morning however, treasuries are down ahead of reports that should show manufacturing growth quickened while unemployment rates fell. Many investors are claiming the rally yesterday was excess and rates should adjust today. We will see if their forecasts are correct…




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