Mortgage Bonds are pushing higher this morning as a key technical - TopicsExpress

Mortgage Bonds are pushing higher this morning as a key technical layer of support continues to buoy prices. In economic news, the Case Shiller 20-city Home Price Index saw its biggest annual gain (12.2%) from May 2012 to May 2013 since March of 2006. In addition, Consumer Confidence declined in July from June. I will continue to recommend Floating, but as always, sentiment can quickly reverse course.

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