Mortgage Update April 25 2016

“Mortgage Bonds kick off Monday near unchanged in what will be an action packed week. Along with a heated economic calendar, a slew of corporate earnings and additional Treasury securities being sold off, the Fed will release its monetary policy decision and statement on Wednesday at 2:00 p.m. ET. Ahead of the Fed statement, I am recommending carefully floating. However, Mortgage Bond prices are on fragile ground, as sentiment can quickly reverse lower.
If anything changes, I will get right back to you. Have a great week!”

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