Rate Update Feb 29, 2008

Weakness in the stock market is helping the bond market right now. This may help 30 year rates dip by .125% this afternoon.

Watch today’s you tube video to find out what is influencing the markets.
We’ll need to be cautious. Technical signals suggest that mortgage bonds are trading against stiff resistance. We could see prices reverse and erode quickly against these levels.

Current Outlook: cautiously floating

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