Mortgage Rates Remain Steady, Mirroring Cautious Markets

According to an article in National Mortgage News, mortgage rates have stayed below 3.5% for nine consecutive weeks, while treasury yields changed little compared to a week ago. The article cites Sean Beckitti, Freddie Mac’s chief economist, who states, “Markets are erring on the side of caution ahead of the second estimate for second-quarter GDP and Fed Chair Janet Yellen’s speech,” which was held in Jackson Hole, Wyoming on Friday. Click here to view Chairwoman Yellen’s speech on interest rates.

If you would like to join SFIG's RMBS 3.0 Committee, please contact William.Innes@SFindustry.org.

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