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Mixed Performance For Mortgage Rates

Mixed Performance For Mortgage Rates

Gains Evaporate After Weaker Auction; Sideways Volatility Expected Ahead of CPI CPI, NFP, CPI, Fed Day, NFP, CPI...  Maybe throw in some ISM data or the European Central Bank here and there and you'd have a perfectly condensed script for the story of mortgage rate movement over the past few months (ok, maybe for the past year).  This week has been an epilogue to last week's NFP (jobs report) with some Fed Day addendums and follow-up courtesy of Powell and several other Fed speakers.  Treasury auctions added a bit of volatility with yesterday's 10yr auction helping and today's 30yr bond auction undoing all of those gains and then some. 
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