Action Lending - Mortgage News

Mortgage Update - China Trade Talks

May 11th, 2019 10:03 PM by Gene Tidgewell

Economic News
The US and China are still trying to resolve the trade issues. Consensus seems to be China can afford this tariff war less than the US. Talks will continue and I believe they will work something out.
CPI came out today and there is still little fear of inflation which is good for  mortgage rates.

10 YEAR BOND YIELD AND RATES
The yield on the 10 year bond is at 2.46% at one this afternoon. That is down 4 bps from the last blog. The yield on the 3.50 % mortgage backed security is at 101.04  up 0.4 bps from the last blog.. Rates finished the week relatively flat from last week.

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Posted in:General
Posted by Gene Tidgewell on May 11th, 2019 10:03 PM

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