Not a lot of news out today but Mortgage Backed Securities are holding their ground. Forecast is for some slight improvement of rates/fees until Thursday's video.

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Not a lot of news out today but Mortgage Backed Securities are holding their ground. Forecast is for some slight improvement of rates/fees until Thursday's video.
The FHFA and Japan's weak PMI helped Mortgage Backed Securities (Bonds). Brussels' attacks also weakened the global economy pushing a flight to safety with bond markets. It's just sad that these things have to happen. More news later this week. I'll keep you posted.
After Developing a declining trading range yesterday, MBSs (Mortgage Backed Securities, "Bonds") upended nicely this morning after news on Japanese markets and Chinese markets. Be warned though, rates will likely be the same if not a little worse as the next couple weeks pass.
Bonds are up a bit today but maintaining their flat trading pattern. Crazy they're not better because of the help from the German and Japanese bonds doing so poorly. Speculation is that the Fed will likely hold off on increasing the short term rate. That's helpful for folks with credit card debt or home equity lines of credit.
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