In other news, President Bush is set to sign the Economic Stimulus Plan on Wednesday. The plan now includes rebate checks for 100 million Americans and will also raise loan limits in some areas for Freddie Mac, Fannie Mae, and FHA loans.
Rates and other News
Mortgage Bonds are currently trading slightly higher and between the 50-day and 25-day Moving Averages. Since there are no economic reports scheduled for release, Bond prices will likely take direction from Stocks throughout the day.
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