Mortgage Update January 23 2018

“After pushing lower since the beginning of the month, Mortgage Bond prices jumped at the open as global yields decline. There were no economic reports released today. The Treasury will sell a boatload of 2-year T Notes this afternoon and the results could impact the Bond markets. On the mortgage front, home loan rates continue to hover just above all-time lows. I am recommending floating. If anything changes, I will get back to you.”

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