Mortgage Bonds start the holiday shortened trading week slightly higher after the big decline last Friday following the surprisingly strong jobs report.
There are no economic reports due for release today, but the Treasury will be selling a boatload of government securities this week, beginning today, and the results could impact Bond trading.
I am recommending to float your mortgage rate to start the week. But as always, sentiment can quickly reverse. If there are any changes, I will get back to you.
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