Mortgage Market Update 01/11/2011 11:30am

Mortgage Bonds drop to fresh lows of the session and once again get turned back lower from Resistance at $99.78. Our benchmark 4% coupon is down 28bp on the day, and down 25-31 from lender pricing windows. There is a 3-year note auction at 1pm, which could turn things around.

Published by Seth Jacobs

Mortgage Broker, Disc Golfer and First Person Shooter Fan living in Vacationland.

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