Mortgage Credit News – July 31, 2009

Interest rates are a hair lower at week’s end, more in relief that another massive Treasury borrowing — $109 billion in term debt alone — came off without injuries. However, long-term Treasury rates have been elevated since May, pushing mortgages to 5.50%, past the edge of refinance demand, and near the limit of buyer demand. […]

Mortgage Credit News – July 2, 2009

News of a 467,000-job loss in June, one-third worse than forecast, is hurting stocks but no help to long rates: the 10-year is stuck at 3.50%, mortgages just under 5.50%. Green Shooters say the payroll weakness was magnified by temporary auto-plant closings, and they point to signs of bottom in auto sales and housing prices, […]