More layoff reports and higher than expected losses from major companies like Texas Instruments and American Express. Stocks are suprisingly trading higher so far though! Mortgage bonds are still trading pretty flat.
The fed is meeting for the next two days and will have a very big decision to make in regards to the interest rate and policy statments. We are still recommending to float your rates unless something changes. Stay tuned!
30 Yr: 5.5
20 Yr: 5.75
15 Yr: 5.25
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