Rate Update March 31, 2008

Mortgage-backed bonds rallied on Friday helping rates move lower this morning. There is not much in the way of economic data out today so we will be watching the stock market to get a read on investor sentiment. Currently the major indexes are essentially trading flat on the day.

On Friday the monthly jobs report is scheduled to be released. For now we remain in a cautiously floating stance.

Current Outlook: Cautiously floating

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