Mortgage Rates Test New Low's Once Again! Dana Bain Premiere Mortgage Services Inc. 978-422-2311 www.BainMortgage.com
By Dana Bain
(Premiere Mortgage Services Inc.)
Market CommentMortgage bond prices were near unchanged for the week which kept mortgage interest rates relatively in check. Rates were negative the beginning of the week following the extended holiday weekend. The announcement of a Greek rescue package was the driving force which pressured rates Tuesday. Escalating oil prices also added some pressure to rates early in the week. Consumer sentiment and new home sales data came in higher than expected. Fortunately there was strong foreign demand for US debt instruments following the well-bid 7Y Treasury note auction and we recovered some of the earlier losses Thursday afternoon. Mortgage bonds ended the week near unchanged despite the volatility. LOOKING AHEAD http://www.bainmortgage.com/MortgageMarketWeekInReview Mortgage Rates For Massac...