Myriad Economic Events See Small Gains in Stocks/Bonds

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Mortgage and Lending with The Federal Savings Bank/Lending in 50 states NMLS # 109616

MBS bonds moved ahead again today but only slightly in the face of a small advance in stocks.  According to Fed fund futures, there is almost a 100% chance of a rate hike at next month's Fed Open Market Committee.  That is pushing the dollar higher just as oil fell a bit today as doubt clouded whether OPEC will cut production tomorrow in Vienna.  Increased consumer spending boosted consumer confidence as the Dow gained 23 points.

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