Friday, July 26, 2013

The Mortgage Update 7-26-2013

Something strange happened yesterday, the bond
market rallied late in the day. An article was released
claiming the Fed will continue to purchase bonds and
support current monetary policy. However, some gains
have been lost overnight ahead of the Consumer
Confidence Report. Economists said the report should
show confidence is higher than initially estimated,
adding to the signs that economic recovery is gaining
momentum.



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