http://MikesDailyMarketReport.com: New Home Sales jumped Up from 667k February to 692k in March. We've seen a lot of declines in the Housing Market, so this Positive News is very welcomed. Stocks are in Positive Territory, as Investors go thru Corporate Earnings and Forecasts, especially from some of the larger corporations in order to asses the state of the economy. Meanwhile, MBS is Up 3bps, so Mortgage Rates remain Unchanged from yesterday's pricing. Yields inched their way down to 2.57%.
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