U.S. mortgage bonds without government backing held near the highest prices in two years last week even as sales soared to the most in more than a month. Dealers asked for bids on about $7 billion of the securities, up from less than $2 billion the previous week as “investors sought to take profits or clean up their balance sheets,” according to JPMorgan Chase & Co. analysts. “Pricing remained more or less flat through the heavy volume, indicating that there is strength at these levels,” the New York-based analysts led by Edward Reardon and John Sim wrote in a Sept. 17 report.
Mortgage bond trading jumps as prices hover near two-year highs
Most Popular Articles
Latest Articles
Spring housing market gets more inventory
We’ve now had back-to-back weeks of healthy housing inventory growth, making spring 2024 much healthier than spring 2023.
-
The best real estate podcasts for agents and brokers in 2024
-
Home sellers saw their profits shrink in the first quarter: Attom
-
If reelected, Trump could seek greater control over Federal Reserve
-
Acra CEO Keith Lind on staying the course amid choppy waters in non-QM
-
HUD walks back some proposed changes to HECM for Purchase program