MBS & US Treasury Markets
7/1 8:21:32AM EST : Delayed Data
A message from The Metrolina Mortgage Team:

Mortgage rates are moving back down, give us a call for a mortgage review to ensure your mortgage is still meeting all your financial goals.

Month/quarter end trading is a somewhat esoteric and potentially frustrating concept for the typical market watcher because it seemingly violates the notion that market move for logical underlying reasons.  To be fair, month-end volatility also has logical underlying reasons, but the logic requires a fairly deep dive (which is why we have a primer on the topic). Today's only econ data is/was Chicago PMI which has already come and gone with no fanfare.  Trading levels are best described as sideways from Friday and the intraday range, far narrower.  If month-end volatility picks up, it would tend to be in the PM hours--especially in the 2pm-4pm ET time frame.

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A message from The Metrolina Mortgage Team:

Mortgage rates are moving back down, give us a call for a mortgage review to ensure your mortgage is still meeting all your financial goals.