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Monday Market Commentary, October 5th 2009: Where are Mortgage Rates Headed

Monday, October 5, 2009

Last Week:
Mortgage rates improved gently last week, and are now firmly affixed below 5% for the first time since May. A series of weak or unremarkable economic reports, along with the growing realization that real economic recovery seems elusively distant, was enough to inspire a positive trade in the mortgage market for most of the week.

To Recap: The Chicago PMI was “surpisingly” weak, suggest...


Original article from http://behindthemortgage.com/behind_the_mortgage/2009/10/monday-market-commentary-october-5th-2009-where-are-mortgage-rates-headed.html
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