20 July 2009 ? Today the mortgage backed bonds opened down 6bps and continued to trend down before finally rebounding. They are currently (2 p.m.) up 13bps, which is an improvement of 31bps for the day. Again we are watching closely as the market may improve or at least hold steady during the next four days. We will be watching quarterly returns as well as news that will impact the stock market. When the stock market is making gains, the bond market typically is impacted in a negative manner. Also, as a consumer, if you are purchasing in the city of Chicago, there are programs that are available if your income is under $105,000.Email This Post To a Friend.
Today’s Mortgage Bonds Up Slightly
July 20, 2009
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