The Smart Team of NOVA® Home Loans

MBS Day Ahead: Markets to Congress: That's It?

Posted To: MBS Commentary

The biggest questions for Monday comes from financial markets and is directed towards politicians in Washington. Are we done obsessing over the healthcare vote? Was that a true "postponement," or are you simply moving on? If the healthcare debate manages to heat up again this week, it could certainly cause the same sort of volatility it did last week, but as of now, there haven't been any new developments over the weekend or early this morning. Markets have reacted by moving in a "risk-off" direction (buying more bonds and selling stocks). Treasuries have jumped well below the narrow range of the past 3 days. Apart from political drama, this week is fairly calm in terms of scheduled economic data and events. The reports with the biggest market movement potential are…(read more)

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Source: Mortgage News Daily

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