It took an awful lot of losses in the stock market to yield just a 12 point gain in mortgage backed securities today. Concerns about China, trade wars, higher inflation and a possible government shut down sent equities reeling. The yield on the 10 year Treasury fell to 2.82% as a result. The good news is that people tend to buy houses when the labor market is strong nand when the GDP and confidence are rising. The Dow lost 742 points today.
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