Market Analysis

January 25th, 2012 11:07 AM
Bond markets opened flat but have since moved into positive territory on a strong 5-year Treasury note auction.  The bid-to-cover ratio was 3.17 ($3.17 bid for every $1 auctioned) which was higher than the 2.99 ratio for the last 4 monthly auctions of 5-year notes.   In economic news, December Pending Home Sales were down 3.5% vs an expected decline of 3%.
Posted by Matthew Breston on January 25th, 2012 11:07 AMPost a Comment (0)
Recent Posts:
Archive:
My Favorite Blogs:
Sites That Link to This Blog:

Broker NMLS #249828  Company NMLS #349828      Equal Housing Lender

 


Iron Harbor Mortgage, L.L.C. 815 Brazos, Suite 705 Austin, TX 78701
Phone: Fax:

Contact Us | Common Questions | Today's Rates | BBB Report Lookup | Loan for Purchase | Video Testimonial | Credit Report Errors | Privacy Policy | Loan Application | Loan Process | Market Analysis

Copyright © 2012 Iron Harbor Mortgage, L.L.C.
Portions Copyright © 2012 a la mode, inc.
Another XSite by a la mode, inc. | Admin Login| Terms of Use| Site Map