“Mortgage Bonds are slightly higher, while Treasuries edge lower as the safe haven trade into the U.S. Bond market loses some of its shine one week after the U.K. referendum to leave the EU.
Over the past 48 hours, Stocks have gained back more than half the initial losses brought on by the surprise vote results. They are modestly higher early on today.
I will continue to recommend carefully floating, but be aware that mortgage rates are near all-time lows. If anything changes, I will quickly alert you.”