Mortgage bonds are slightly positive this morning, as the bond market weighs which direction to go from here. From a technical viewpoint, bonds appear to be overbought. This means that we will likely see a sell-off occur in the coming days. Since bond…
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Waiting on Fed to Take Further Steps
Mortgage bonds are trading near flat in early market trading. The good news...
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CPI Report
The CPI (Consumer Price index) report, which measures the average change paid by...
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Stocks Remain Positive
Today’s Retail Sales number for January beat expectations, but the previous months negative...
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Surprise….
The NFP for February surprised us, coming in at only 20,000 new jobs...
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ADP Employment Report
The ADP Employment report came in very close to estimates at 183k versus...
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Locking Position
Last week had economic reports that were bond friendly, but bonds didn’t respond...
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Inflation Remains In Check
Inflation remained in check with Core PCE for December coming in right at...
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Locking Bias
2018’s 4th quarter GDP revision came in at 2.6% versus the 2.3% estimate,...
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Mortgage Applications On The Rise Again
Today’s economic reports included weekly mortgage applications rising again, and a welcome surprise...
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