Phil Grossfield's Blog

A LITTLE EXTRA…

BONDS DETERIORATING!

Leave a comment Posted by on July 27, 2012

BONDS DETERIORATING!

A mid-day rate change is likely considering where the market is at this time!

The Fannie Mae bond just dropped 38bps.  This is usually enough to trigger a mid-day rate change for the worse by Interbank.  If you’re rate sensitive, this is a scary thing to see happen.  Please do your own research in deciding what to do…my email is only a courtesy.  Disclaimer

 

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