Market Today- the holiday season is in full gear, paced by reports of record Black Friday spending along with expectations for a strong Cyber Monday too. Treasury bulls put in a good day of work after returning from the long Thanksgiving holiday weekend. Ongoing expectations that central banks are done hiking rates continued to underpin a… Read more

U.S. 30-year mortgage rates fell to 7.41% in the most recent week, according to the MBA, from 7.61% in the prior two weeks, sustaining a 5-week pull-back from a 23-year high of 7.90% in October. The rate is still well above this year’s low of 6.18% last February. The weekly MBA purchase index rose 3.9%, and now sits 10.5% above the 28-year low… Read more