Last week mortgage rates were relatively stable. Mortgage-backed - TopicsExpress

Last week mortgage rates were relatively stable. Mortgage-backed securities traded within a fairly narrow range as the markets waited for the outcome of this week’s Fed meeting on Wednesday. I did not anticipate that we would see any great change before the Fed, however, MBS opened the day up sharply following Larry Summers’ announcement that he would not consider accepting a possible nomination to be the next Fed chief. If this morning’s rally holds, mortgage rates will fall today northshoremort

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