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Real Estate and Mortgage Market Update for Tuesday 07-24-2012

Posted 07-24-2012 at 02:15 PM by CRESTICO (Real Estate and Mortgage in Los Angeles)

This morning we read;

Treasuries and mortgages starting a little weaker this morning after the drop in prices yesterday afternoon when the stock indexes rallied off the lows seen yesterday morning. The DJIA traded down 200+ points yesterday morning, but cut the loss by half at the close to -101. The rate markets do what they do, when stock indexes improve it takes yields a little higher. This morning in pre-market trade the stock indexes were fractionally better with the bond and...
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