Mortgage Market Newsletter-November 28th, 2011 Dana Bain Premiere Mortgage Services Inc. 978-422-2311
By Dana Bain
(Premiere Mortgage Services Inc.)
http://www.bainmortgage.com/MortgageMarketWeekInReview Newsletter-November 28th, 2011 Provided by Dana Bain Dana BainPremiere Mortgage Services www.BainMortgage.com 11 Malvern Hill RoadSterling, MA 01564Phone: (978) 422-2311Fax: (978) 422-2313E-Mail: dana@bainmortgage.com Market CommentMortgage bond prices ended slightly lower last week, which pushed mortgage interest rates higher.Weak stocks and continued Euro debt concerns helped rates improve early in the week.The data generally helped rates as well.Q3 GDP disappointed with 2% increase compared to the expected 2.5% mark.The Treasury auctions had strong demand and also helped the overall bond market.The shortened and thin trading conditions fortunately did not result in any extreme whipsaw trading that is often common.Mortgage bon...
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