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Market Commentary

Updated on September 29, 2016 11:01:10 AM EDT

We saw weakness in bonds late yesterday that caused some lenders to revise rates slightly higher intraday. Yesterday’s 7-year Treasury Note auction took place without much fanfare and was not what pushed bonds lower and mortgage rates higher. The sale appeared to draw an average level of investor interest. Not overly strong or soft. The downward move is extending into this morning’s trading.
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Member FDIC. Copyright 2016 SpiritBank. All right reserved.
FDIC Insured
Careers   |   Contact Us   |   Privacy Policy   |   Site Map

That's the spirit!