Mortgage Bond Prices Slightly Higher

Mortgage bond prices opened slightly positive this morning helping add to the small gains from yesterday afternoon which is seeing rates improve.

Weekly jobless claims @ 386k, expected 385k, Q1 GDP final revision up 1.9% as expected.

News out of the euro zone countered yesterday's remarks by German Chancellor Merkel which rejected a proposal to "share" the euro zone debt through bonds. This morning German Finance Minister Wolfgang Schäuble said ""We are willing to go as far as we need to in order to get a sustainable agreement in Europe." Round and round we go.... expect more up and down trading tied to Europe as their situation remains in flux.