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  • Market Snapshot

    What happened yesterday?
    Mortgage backed securities (MBS) lost -68 basis points from Friday and closed at their worst levels of 2013 which means that you saw your highest rates of 2013.

    MBS started the day selling off (worse pricing for you) as speculation among bond traders that the Fed would begin tapering their monthly MBS purchases on Sept 18th continued to mount.

    There were no economic release or Treasury auctions.

    Once again, the stock market and bond market moved in the same direction (both sold off).
    Jesse Gonzalez, Broker/REALTORŪ
    Archer Realty
    DRE License#01855372
    NMLS MLO#278103
    707-583-3666
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Jesse Gonzalez Real Estate and Mortgage Broker in Sonoma County, California. I have over 10 years of real estate experience and enjoy every minute of it. Certified Military Housing Specialist. Find out more about Jesse Gonzalez

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