HomeLoans Blog

Against the expectations of most analysts, and certainly against my expectations, the bond market has dropped throughout the day. It is a surprising reaction to the Federal Reserve FOMC remarks.

Perhaps it is a general concern for the economy.

Perhaps it is just a summer lull, with low trading volume pushing down the demand.

It is not especially good news from the unemployment figures this morning.

Anyway, I will post my video commentary here, even though the outlook for mortgage rates today was just flat wrong.

I still think rates will rebound from today, but this deterioration in the market for today has been severe.