11/26/07 Market Snapshot
The mortgage markets bounced around last week due to the short work week and limited economic news being reported. The big news for the week was the release of FOMC minutes from the 10/31/07 meeting, and the loss reported by Freddie Mac. We have a full calendar of economic news to be reported this week, much of it coming at the end of the week. Treasury yields on the 10 yr. Note have dropped below 4.00%.