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Mortgage rates held steady near aggressive levels yesterday. While we had more than one scheduled economic release to digest, trading in the bond market was slow as several overseas markets were out on holiday. Over the past week mortgage rates have slowly improved thanks to market participants allocating...
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I hope everyone had a fantastic holiday weekend...now it’s back to work. Last week ended on a flat note with mortgage backed securities closing basically where they opened Friday morning. Bolume was extremely light but that was expected as the markets were only open for a half day. The data calendar...