Monday, July 8, 2013

Mortgage market better today half of Fridays losses are back


MBS   +1 & 1/32 @ 99.30       10 Yr T  +28/32  @ 2.6370        DOW  +88 @ 15224

 

There was little economic news today, but MBS prices recovered about half of Friday's large losses. Oil prices rose to the highest level in 15 months. No economic data will be released tomorrow. The results from the 3-yr Treasury auction will come out around 1:00 et.

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