Tuesday, November 5, 2013

The Mortgage Update 11/5/2013

The bond market was quiet yesterday with no economic news moving the needle. Buyers still outnumber the sellers in the market with origination continuing to decline. ISM Non-manufacturing report will be released at 10 AM; this is the only key piece of economic data before the Employment Situation Report due out on Friday. Investors are waiting for data to show the effects of the government shut down, we have not seen any yet. If a report underperforms to forecast it could move the market today, hopefully in our favor…





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