Mortgage Rates Continue to Worsen

Mortgage backed securities took it on the chin today falling about .375 in discount increasing consumer costs.   It was reported that the majority of lenders did reprice to the worse today.  It appears that a sell off in treasuries pressured MBS to move lower as well.  Treasuries opened the day at a yield of 2.71 but moved much higher to a yield of 2.9.

Next week is very light on economic data but we do get some treasury auctions.  On my Monday post I will preview the coming week.

I hope everyone has a great weekend!