Mortgage Rates Inch Down to 2-Week Lows

Solid AM Gains Stick Around All Day Bonds improved in the morning following comments from Bessent that gave the markets more insight to his role in defusing last week's frenzy over the potential ouster. In short, he's the voice of reason and the bond market likes that. Additional gains came courtesy of 9:30am NYSE tradeflows.  At the time, stocks were sinking. Then in the afternoon, stocks rebounded without pulling bond yields higher. Market Movement Recap 10:59 AM Flat overnight but gaining ground in AM hours following Bessent comments on Fed and NYSE opening