Monday, October 29, 2012
Subject : Daily Rate Update: Mortgage Rates Signifcantly Lower as Markets Close Early
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Oct 29, 2012 1:02PM
Mortgage rates continued falling this morning despite stronger-than-expected economic data. The trading session was punctuated by an early closure for bond markets owing to Hurricane Sandy and will be completely closed tomorrow. The secondary mortgage market began the day in stronger territory after European and Asian hours combined to gradually bring yields lower overnight. Things didn't move much during the shortened domestic hours and the mortgage-backed-securities (MBS) that most directly influence...
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