Thursday AM
Durable Orders were down to 1.3% and Initial Claims were up to 283K. Our market is now off .20 again. Rates have gone up a full 1/8 since Monday and heading toward a 1/4 increase. As we said yesterday today would be a bad day because of the Indicators. Friday brings New Home Sales with not much change expected. We shall see. Stay covered and stay happy. It could be another long down day.


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