Good Morning,
Happy Friday! I hope that your day is off to a terrific start.
Economic news was abundant on Wall Street today ranging from a flat Consumer Price Index report, although Core CPI was a little hotter than expected, a better than expected New York State Manufacturing Index and a rosier reading on Consumer Sentiment.
Dallas Fed President Richard Fisher was speaking today in front of the Texas Bankers Association saying that "the U.S. economy has pulled back from the edge of the abyss".
Mortgage Bonds are trying to stay above the 25 and 50 Day Moving Average floor of support. For now, I will recommend to Cautiously Float while these levels hold, but be prepared to move towards a Locking bias should the situation change. If changes develop, I will certainly let you know. In the meantime, here's to a great weekend ahead!
If there is ever anything that I can do for you, please let me know.
Happy Friday! I hope that your day is off to a terrific start.
Economic news was abundant on Wall Street today ranging from a flat Consumer Price Index report, although Core CPI was a little hotter than expected, a better than expected New York State Manufacturing Index and a rosier reading on Consumer Sentiment.
Dallas Fed President Richard Fisher was speaking today in front of the Texas Bankers Association saying that "the U.S. economy has pulled back from the edge of the abyss".
Mortgage Bonds are trying to stay above the 25 and 50 Day Moving Average floor of support. For now, I will recommend to Cautiously Float while these levels hold, but be prepared to move towards a Locking bias should the situation change. If changes develop, I will certainly let you know. In the meantime, here's to a great weekend ahead!
If there is ever anything that I can do for you, please let me know.
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