Mortgage Bonds are near unchanged and off their worst levels this - TopicsExpress



          

Mortgage Bonds are near unchanged and off their worst levels this morning after hitting the higher end of the short term trading range on Friday. Higher Stock prices are capping Bonds in the early going. In housing news, the Case Shiller 20-city Index reported slowing year-over-year price gains. A spokesman from Case Shiller said annual rates have cooled the most weve seen in some time due to higher mortgage interest rates and difficulties in qualifying for loans. I will continue to recommend floating headed into tomorrows Fed statement, which is due out at 2pm ET. If anything changes before the release, I will alert you.
Posted on: Tue, 29 Apr 2014 14:31:49 +0000

Trending Topics



Recently Viewed Topics




© 2015