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Mortgage Interest Rates and Bernanke Semi-annual Review of Monetary Policy

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Mortgage Backed Securities prices are up, even as the latest round of corporate earnings are better than expected.  Uncertainty about the markets and the economy seem to be propping up bond prices very well - which means that interest rates remain low

Later today, Fed Chief Ben Bernanke will speak before the Senate.  Bernanke will be presenting his semiannual review of monetary policy.  The markets will be listening closely to his remarks for color on jobs, economic growth, quantitative easing, business investment, and other pressing topics.

--> Update: Bernanke indicates the FMOC still has cards up their sleeves to do what is necessary.

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