Mortgage rates in rally mode for now

Mortgage Bonds are pushing higher this morning following through on yesterday's late day rally sparked by a downgrade in the shares of Apple, which led the broader Stock markets lower and shifted cash back into the safe haven trade of the Bond markets.

Technically, yesterday's reversal to the upside and the follow through this morning is signaling a positive tone but as always, sentiment can quickly reverse.

Leonard Winslow
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