Friday, August 23, 2013

The Mortgage Update 8/23/2013

The market is relatively quiet this morning. We have New Home Sales data to be released at 10AM, which could have some impact on the way MBS prices trade. We cannot say it enough that the Federal Reserve is watching these data points very closely as they determine when to slow bond purchases. Because of this fact, investors also watch closely each and every important data release - and their trading habits reflect that.

Have a great weekend!



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