MBS prices are down -5/32 (FNMA 30-yr 4.5 at 101.10), above 9:45 et pricing of -8/32. The big news from Europe knocked MBS markets lower early, and then it was a relatively quiet session. Investors evaluated the $1 trillion EU aid package and generally liked what they saw, while waiting for further details. The stock market held its early gains and the Dow is up 400 points. No economic data will be released tomorrow. There will be a 3-yr Treasury auction at 1:00 et.
Check out the new property widget to the right offered for free from Envoy Mortgage. This is our first one with our new system and will be adding much more.
If you have a property to sell let us know and we can help you market the property with FREE virtual tours and panoramic pictures.
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