Mortgage Credit News – November 20, 2009
Chairman Bernanke’s extraordinary speech on Monday instantly knocked 10-year Treasurys below 3.35%, where they have stayed. Lowest-fee mortgages are 5.00%. Economic data increased the tilt in markets toward concern for the recovery. Retail sales flattened to a .2% gain in October (ex-autos), breaking an apparent up-trend. New claims for unemployment insurance were unchanged at 505,000 […]