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Mortgage Backed Securities and Applications on the Rise – Market Update

Market Update1 Mortgage Backed Securities and Applications on the Rise   Market UpdateFor the first time in six straight days, mortgage backed securities debuted on Wall Street this morning at a higher rate.  Mortgage applications are also on the rise, increasing by 1.3% this month following September’s 4.3% tumble.

The market may be impacted this afternoon by the FOMC’s 2 PM release of selected minutes from their latest meeting.

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About Stephanie Koske

While best known for her golfing skills prior to her writing, Stephanie competed in Tiger Woods' favorite game for 15 years as a junior and college player. If she hadn't spent the majority of her life chasing around a little white ball, Stephanie would have likely become a chart-topping DJ or makeup artist to the stars. Other loves include Cupid Shuffling, adding clothes to her closet like she's collecting for an apocalypse, spraying excessive amounts of spray butter on most of her food, and – of course - writing about ways to improve personal finance!

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