MBS MID-DAY: Holding Close To Unchanged Amid Lack of Data

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Posted To: MBS Commentary

MBS Live : MBS Morning Market Summary It's been one of "those Mondays" so far with newswires and market movements struggling to keep market watchers entertained. That's a good thing in this case as it frees up time for mortgage market participants at various stations in the assembly line to focus on opportunities or challenges presented by last week's big swings. The fact that we're hanging in around 2 ticks on either side of unchanged for most of the day keeps those challenges from getting any bigger and keeps the opportunities afforded by the lowest rates since January from slipping away. Even Treasuries were relatively docile overnight, improving during Asian hours, slipping during European hours and coming back home early in the US session. With no data on the calendar (no significant data...(read more)

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Source: http://www.mortgagenewsdaily.com/mortgage_rates/blog/303268.aspx

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