Blog

Mortgage Market Update 10/4/18

Mortgage rates moved higher Thursday reflecting yesterday’s late sell-off of U.S. Treasuries and mortgage-backed securities.  Long-term rates are now at their highest levels since 2011.  In economic news, weekly Jobless Claims fell to 207,000, a bit below forecast.  August Factory Orders rose 2.3%, beating estimates.  Investors will be closely following tomorrow’s key Employment Report for September which will be released at 8:30 AM.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top