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Mortgage Market Update - 07/01 - More Job losses

Posted 07-01-2009 at 11:04 AM by dlenski

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More Job losses
Mortgage Backed Securities are off slightly off this morning. ADP released their job loss estimate this morning. The number was higher than what experts expected. ISM was higher than expected. I expect low volume today and Thursday ahead of the long weekend. We have seen some volatility in MBS. We have not seen much change in rates. That would be an indication of how low the volume has been.








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