Action Lending - Mortgage News

06/21/2019 - Weekly Mortgage Update

June 21st, 2019 3:20 PM by Gene Tidgewell

Economic News

The Fed met this week and kept the Fed Funds Rate the same but announced they expect to lower rates later this year.  This news was expected.

The global slowdown is continuing and the ECB announced they would consider more easing later in the year unless the slowdown changed directions.

Special Video

Today we have a video for you from the commencement speech by All Pro Defensive Lineman J.J. Watt at the University of Wisconsin Madison this year. Some good listening.

10 YEAR BOND YIELD AND RATES

The yield on the 10 year bond is at 2.06% at noon today. That is down 02 bps from the last blog. The yield on the 3.00 % mortgage backed security is at 100.61 down 0.06 bps since the last blog.  Rates are at good levels now and were actually down right after the Fed announcement but moved back up since then.

 

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Posted in:General
Posted by Gene Tidgewell on June 21st, 2019 3:20 PM

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