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Mortgage rates moved higher early Friday morning following a better than expected read on Retail Sales. However, as the day progressed, benchmark Treasury yields did move lower, helping mortgage-backed securities prices recover early session losses. Most lenders did not reprice for the better after these...
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The FOMC rate decision and U.S. CPI are the main economic events of the day, however the media will also be paying close attention to the House grilling of AIG CEO Edward Liddy shortly after the opening bell on Wednesday. At 8:30 a.m. EDT, the U.S. Bureau of Labor Statistics will release Consumer Price...
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With the U.S. government bailing out Fannie Mae and Freddie Mac last week, followed by Lehman Brothers filing for bankruptcy and Bank of America purchasing Merrill Lynch on Sunday, Tuesday's CPI release from the Bureau of Labor Statistics promises to be highly anticipated. Many believe the data could...