The mortgage backed securities are edging higher this morning - partly due to the lower than expected durable goods orders being lower than expected.  Durable Goods measures expenditures of businesses for big ticket items.  Low numbers equals lower spending which should help keep inflation in check.  There are big economic reports due on Thursday and Friday which could sway the bonds.  Bonds go up - Rates go down.  
 
Posted by Ronnie Roach on 06/27/2007 10:26 AM   Comments (0)   mortgage  

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Ronnie Roach

Kill Devil Hills, NC

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Wells Fargo Home Mortgage

Address: 3118 North Croatan Highway, Kill Devil Hills , NC, 27948

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