Mortgage Bonds continue to edge higher, and 10 days after the - TopicsExpress

Mortgage Bonds continue to edge higher, and 10 days after the blowout on Jobs Report Friday, prices are back to where they were headed into the release. In housing news, the National Association of Home Builders reported that its Housing Market Index fell to the lowest level since June, but still in positive territory. I will continue to recommend a Floating bias, but with the big rally in the past week, prices are back near the short term highs and sentiment can quickly reverse.

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