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Nov 19

Mortgage Rate Watch November 19, 2012

A little late posting this tonight, very busy day!

After the post last Friday the market improved towards the end of the day.  This morning it opened off a little then bounced back in the afternoon.  Not enough change in either direction to impact interest rates.  One reason they are not moving is because the yield spread between the 1/8 increments rates are quoted in is so large it will take a pretty big movement to bounce either direction.

It will be a short week for trading in the mortgage backed securities market as well as the stock market.  Both are closed all day Thursday and half a day Friday.

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