What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll. Today's auction of 10-year treasury notes sold $21 billion. The demand was about average and the yield was higher than February's, so it went well overall. The 10-year note auction will be impacting MBS as rates have continued to decrease.
Tomorrow there will be many events occurring. Check back to see import and export prices, retail sales, initial jobless claims, and the 30-year bond auction results.
Tuesday: As the European bond market strengthened, so has the US market. US 10-year yields have been steadily decreasing. MBS have retraced a majority of the losses from last week. The European bond reinvigoration was due to new QE purchases and political drama in Greece.
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