This morning's economic data has potentially initiated the bounce that we hae been waiting for. We would need to see another day or two of similar behavior to confirm the bounce, as with any single day rally momentum in bond markets. Things may change by the end of the day but we are off to a good start.
Today's potential bounce is just another potential shift in the series of normal ebbs and flows typically seen by bond markets.
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• 30 year (FRM) rates at 4.17% (+0.05%).
• 15 year (FRM) rates at 3.41% (+0.04%).
• FHA 30 year Fixed rates at 3.90% (+0.05%).
• Jumbo 30 year Fixed rates at 4.37% (+0.01%).
• 5/1 ARM rates at 3.09% (-0.01%).
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