MBS Day Ahead: Little to Inspire Big Moves Ahead of Fed

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Posted To: MBS Commentary

My apologies for the commentary coming out later than normal a few times this week. I've been doing battle with water here in the Pacific Northwest, and spent most of last night swimming in my crawl space. Had I penned The Day Ahead in the wee hours of the morning as I normally do (a benefit of working with financial markets from the West Coast), I imagine it would have been substantially similar to what you're about to read. The only difference is that we can now talk about the data in retrospect as it's already out. (The data is out. It didn't matter) There is a fairly simple, ongoing theme intact on this week before next week's Fed Announcement. The last time the Fed lifted rates from a long stint at all-time lows was more than 10 years ago, and by their admission, should...(read more)

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Source: http://www.mortgagenewsdaily.com/mortgage_rates/blog/541062.aspx

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