3-9-16 Wednesday's TMM - Treasury auctions can determine direction of rates

Here's a brief description of today's one-minute update of what happened yesterday with mortgage rates, housing and the economy:  We pay close attention to these treasury auctions which were going to have this week to see how money is flowing either in or out of the bond market. As the money flows one way or the other determines whether or not interest rates are going to go up or down..

NOTE TO LISTENER:  Each day, David Lykken produces a one-minute video, called “Today's Mortgage Minute” and it covers what happened with mortgage rates, housing and the economy and, time allowing, he will comment on what is on the economic calendar today that could move mortgage rates either up or down.  This short podcast is the audio version of the daily video known as Today’s Mortgage Minute that appears on hundreds of radio, television and newspaper websites across the United States and can be seen by millions of consumers each month. David Lykken welcomes your feedback in the comment section below.