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Mortgage Rates Hold Steady Ahead of Important Economic Data

Mortgage Rates Hold Steady Ahead of Important Economic Data

Bonds Continue Taking Their Seats Ahead of The Big Show Although bonds continued to improve yesterday, the pace of gains has progressively slowed throughout the week.  Our base case was for that momentum to shift sideways or pull back a bit today and that's exactly what we've seen.  It was the base case because it would be a logical move for a market that is leaning in a bullish direction as it waits for the data with the power to endorse or reject the bullish lead-off.  5 straight days of gains (plus a counterintuitive rally following ISM Services) was plenty.  Today's relatively flat performance is actually just another indication o
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