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Mortgage Rates Sideways to Slightly Lower to Start New Week

Mortgage Rates Sideways to Slightly Lower to Start New Week

Decent Resilience in Spite of a Few Headwinds Considering the volatility that may lie ahead, Monday ended up being a calm and decent start to the week.  The ostensible overnight headwind was the rumored currency intervention by the Japanese government.  In the past, this has caused heavy selling in Treasuries, but that wasn't the case.  As such, this wasn't really a headwind.  The more legitimate challenge came in the form of higher borrowing estimates from Treasury this afternoon.  Bonds actually did a good job of taking that news in stride, but nonetheless moved to weaker levels.  It was a bigger problem for MBS due t
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