U.S. bonds ended the week with a mild rally based on a weak Durable Orders report. U.S. Stock markets continue to remain at, or above, all-time highs on strong earnings from tech behemoths Google, Amazon and Microsoft. On the housing front, Thursday’s housing report saw U.S. single family sales in March record their biggest drop in more than 1½ years, snapping three months of gains.
The 10 year U.S. Treasury continues to trade under 2% percent. Mortgage rates for both ARM and fixed rate mortgage remain very attractive.