http://MikesDailyMarketReport.com: The ADP, the first of the Jobs data this week, came in a little lower than forecasts for February. It came in at 183k new jobs in the Private Sector, while forecasts called for 187,500. Later today, the Fed Beige Book will be released. Stocks are down, as they're awaiting some catalyst to move it in one direction or another. There will be a few Fed Members speaking today. MBS is currently Up 2bps. Based on yesterday's rally, some Lenders may price their Mortgage Rates a bit better today; at worst, they're Unchanged. Yields had slid down to 2.70%.
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