Solarbird (solarbird) wrote,
Solarbird
solarbird

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The MBS market has picked back up about a third* of yesterday's losses, btw. If this sustains look for rates just just shy of 6%. (5.875, etc.) Rumours are that the Fed and/or Treasury are putting on pressure to keep mortgage rates below 6%, but that's just chatter.

The US dollar has lost most of its gain from Friday almost as suddenly as it climbed. Too busy packing for Boston to figure out why.

* eta because I originally said half because .10 should never mean 10/32nds expressed in fake decimal but does and does not mean 10/16ths in fake decimal and either way it is stupid and annoying. I can deal with fractions DO NOT MAKE THEM FAKE DECIMALS AGH
Tags: economics
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