Mortgages are fairly flat this morning as we lead into
the FOMC Minutes to be released later this afternoon
at 2PM. Typically, the market will scrutinize every single
word of the document to look for clues on the next
move the Fed will make, and speculation is still running
rampant that they will be cutting their bond purchases
in the near future. The language in today's meeting
minutes could provide further indication of this, which
ultimately could be bad for bond prices. Guess we will
all get our popcorn popped and ready for the show at 2.
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