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Mortgage Backed Securities and Treasuries Up as China Raises Interest Rates – Market Update

by on July 6, 2011 in Market Update

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Market Update1 Mortgage Backed Securities and Treasuries Up as China Raises Interest Rates Market UpdateMortgage backed securities and Treasuries are up on news that China has raised interest rates for the 3rd time this year in an attempt to control their inflation. The MBA mortgage application report showed that applications fell by 5.2% last week.

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About Kristen Curzytek

Kristen has just finished her undergrad at Eastern Michigan University. Since writing is her first love, she's thrilled to be writing for Zing! as part of her internship. In her free time, she loves to garden and bake cupcakes. Kristen also enjoys the summer car shows that are all over Michigan, including the amazing Woodward Dream Cruise.
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