Current Mortgage Rates for Wednesday, January 23, 2013
Treasury bonds and mortgage backed securities are rallying today , and if the rally is sustained rates could make up some of the ground they lost last week. Will the rally be sustained? Today is a relatively quiet day, and no economic data of any real import will be published. The day-to-day swings that we see in the financial markets are often impossible to explain, but if you take a step back, mortgage rates have been remarkably consistent for the past several months, and there really is no reason to believe there will be a change of course in the immediate future.
Ty Laffoon
619-767-8687
Wednesday, January 23, 2013
What's up with rates this week 1/23/13
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