Mortgage bond prices remain higher Monday morning erasing all the losses seen Friday afternoon and more. Trade is quiet.
In news released today, existing home sales stood at 4.53M. Traders were expecting sales to stand at 4.25M. That data was better than expected however it had little effect on trade.
With no more news set for release today, traders will watch stocks to help gauge interest rate direction. At pricing the DOW was higher by 96-points.