http://MikesDailyMarketReport.com: It's a fairly quiet day today, after Stocks held a pretty good rally yesterday. Durable Goods Orders is the only item on the Economic Calendar today. January's numbers were revised from being up 0.3% to being up 0.1%. It dropped 1.6% in February, as forecasts showed a drop of 2.1%. Transportation is the main dragging it down. If you remove it, then it's up 0.1%. Stocks are trading in Mixed Territory currently, with NASDAQ the only index in Positive Territory. MBS is Up 3bps, so Mortgage Rates remain Unchanged from yesterday's pricing. Some Lenders did a reprice yesterday for the worse, so rates worsened a bit; as today's pricing would correlate after yesterday's re-pricing. Yields remain at 2.49%.
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