Here's the "nuts and bolts"; but for those of you waiting for lower rates and QEII to take hold, I think you will be disappointed; after a miniscule drop in rates after the FED announcement last week, we've seen a solid upward trend in rates. Yesterday, the mortgage and bond markets were close
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11/12/2010
November 3, 2010 ALERT - Mortgages have traded with strength all morning long leading up to the much anticipated announcement from the Fed today at 2:15ET. In the hours leading up to the recent announcement, mortgages improved by another .125 or so in pricing relative to this morning's opening.
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11/03/2010
Don't expect a lot of rate movement today (from yesterday's afternoon's bump in rates). Mortgages took one on the chin yesterday following a better than expected ISM manufacturing data report. All in all, the positive report didn't sit well with bond traders that seemed skiddish of any positive
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11/02/2010
Last Week: Mortgages and bonds traded in volatile fashion last week as anticipation grew ahead of the biggest week for the markets that we've seen all year. Interest rates climbed as the selloff grew in he beginning of the week on whispers that the Fed's QE2 would not be as impactful as original
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11/01/2010
