Today's Market Insight.....

Jan 4
Category | Mortgage Rates

"Mortgage rates edged lower in the latest week as Bond yields fell and Mortgage Backed Security prices rose.

There were no economic reports to influence trading today, though higher inflation out of Europe is weighing on Bond prices. The minutes from the December Fed meeting will be released at 2:00 p.m. ET and could stir things up.

I will continue to recommend carefully floating, but be aware that sentiment can quickly reverse. If anything changes, I will get back to you."

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