http://MikesDailyMarketReport.com: Factory Orders were up only 0.1% in January, off from it's forecast of 0.4%, and stronger hints of a slowing economy. Stocks are Up this morning, as the Fed begins it's 2 day meeting today. Tomorrow, Fed Chair Powell will give his announcement. It's expected to be very similar to January's announcement. MBS is Unchanged from yesterday, so Mortgage Rates are also Unchanged. Yields have risen a little bit to 2.62% now.
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