Mortgage bond prices are near unchanged mid-morning Wednesday failing to
erase the losses seen Tuesday afternoon. MBS prices initially opened
lower pressuring rates higher only to have buyers emerge taking prices
higher.
Traders will spend the day watching stocks to help gauge interest rate direction as they wait for the auction and Fed Beige Book results. At the 10:00 am ET price point the Dow was down 34.
This afternoon the Treasury will auction $21B of 10-year notes with results by 1:15 pm ET. At 2:00 pm ET the Fed Beige Book will be released. The report details economic activity in all Federal Reserve districts.
If you want to more information about First Time Mortgage and Pennsylvania Refinance , please visit the website :- http://www.firstchoicemoney.com/
Traders will spend the day watching stocks to help gauge interest rate direction as they wait for the auction and Fed Beige Book results. At the 10:00 am ET price point the Dow was down 34.
This afternoon the Treasury will auction $21B of 10-year notes with results by 1:15 pm ET. At 2:00 pm ET the Fed Beige Book will be released. The report details economic activity in all Federal Reserve districts.
If you want to more information about First Time Mortgage and Pennsylvania Refinance , please visit the website :- http://www.firstchoicemoney.com/
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