Markets held more sideways overnight as traders awaited further geopolitical developments today surrounding Greenland. Both stocks and bonds lost ground yesterday on the threat of additional tariffs (and counter-tariffs) as well as decreased participation in the US bond market from foreign wealth funds. When bonds lose ground, rates move higher. Bond market improvement was tentative […]
Mortgage Rates Sideways to Slightly Lower Read More »
(Bloomberg) — An auction of 20-year Treasury bonds drew good demand, suggesting investors were assuaged by the rise in yields sparked by US aggression over control on Greenland and challenging fiscal conditions globally. Processing Content The $13 billion auction was awarded at 4.846%, about a basis point lower than its yield in trading just before
U.S. 20-year bond auction draws good demand at higher yield Read More »
Go Mortgage has named longtime lending executive and technology advocate Jay Promisco as CEO. Processing Content The former president of Sierra Pacific Mortgage, Promisco moved over to take the helm at Columbus, Ohio-based Go after the acquisition of originations assets belonging to his previous company last year. The news was first reported in The Mortgage
Go Mortgage appoints Jay Promisco as CEO Read More »