Mortgage Blog

Why we change the rates a few times everyday?

August 27th, 2009 11:53 AM by Eric Fang

The market fluctuates because of the bond auction and the stock market tradings. The most important thing is that the bond market is also trying to find its support and the direction, though there are huge resistance at the current level.

The demand for 7 yr Note auction is still strong. That's a good sign for the lower rate in the future after the base is built.

Posted in:General
Posted by Eric Fang on August 27th, 2009 11:53 AM



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