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Posted To: MBS Commentary
MBS Live : MBS Afternoon Market Summary If you're a fan of high MBS prices and low rates, how depressing is it to consider that today's rally was the best we've seen in over two weeks, leaving us at the third lowest closing price since before QE3 and barely making a dent in rate sheets? Well, maybe it's not depressing, but it's not terribly exciting either. It would be more exciting if the strength looked more like a material bounce back against the post-NFP sell-off or the longer term trend higher in rates. While it could indeed end up looking that way, today's Treasury and MBS trading look much more like the 2nd day of a post-NFP consolidation. Cases in point: 10's bounced firmly on pre-NFP technical levels, volume only rose by an obligatory "Tuesday is one more day after Monday" amount,...(
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http://www.mortgagenewsdaily.com/mortgage_rates/blog/299721.aspx - For more real estate news visit our website at http://www.AzHomeHelp.com
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