Thursday AM
Bonds are now at +10/32 and falling off because of a early close today and will be closed Friday. We picked some of our loss yesterday and this morning. Our market has improved .10 basis points. Durable Goods came in at +.3 (not so hot). Initial claims at 324K (higher) and New Home Sales at 1226K which were way up. A mixed bag of numbers which did help us a little but do not expect our rates to come all the way back. As the Feds raise rates our rates MUST follow. We must realize and accept this fact. We cannot wish rates down. Enjoy the day and lock on these highs.


MCB Mortgage, Inc. specializes in Secondary Marketing & Managed Broker Programs for Banks and Credit Unions.
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