Mortgage and refinance rates today, January 19, 2021
Today’s mortgage and refinance rates Average mortgage rates had a good week last week with another small fall on Friday. They’re now 10 or 11 basis points (a basis point […]
Today’s mortgage and refinance rates Average mortgage rates had a good week last week with another small fall on Friday. They’re now 10 or 11 basis points (a basis point […]
Posted To: MBS Commentary
A few hours after markets closed yesterday, news began coming out regarding a Biden aide mentioning tonight's stimulus proposal would be in the $2 trillion neighborhood. That's quite a bit more than the $1.3 trillion that had been making the rounds a few hours prior (the same number was thrown around more than a month ago as well). Treasuries reacted to this overnight with a whopping sell-off of 3bps. This reflects the fact that markets have largely priced in some sort of $1.3+ trillion in additional spending/relief. We won't get a chance to any additional reaction until tomorrow's trading session, as Biden won't be speaking until after 7pm ET. It's another light day in terms of economic data, with Jobless Claims already out at 965k vs 795k forecast and 784k previously…(read more)
After falling to a record low last week, the average U.S. mortgage rate for a 30-year fixed loan remained at 2.67% this week.
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