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pintolending

  1. Obama Admin could announce this week to commit to as much as $35 B to state and local housing agencies to help mid to low income families
  2. Treasury auction gets a B rating by CNBC's Santelli. No response from bonds yet. Trading remains at unchanged levels
  3. Stocks open lower today giving a push to the bond market!! The 4.5% mortgage backed securities tried higher this morning.
  4. Fed's to continue full purchase plan of Mortgage backed securities. This will help to keep rates low through out the rest of 2009!!
  5. Mortgage bonds continue there rally as stocks plummet!! Investors taking money out off the table in front of the long weekend. Rates 4.75%!!
  6. Mortgage bonds rallying bringing interest rates below 5.0%!! off of early highs so the possiblitiy to reprice for the worse case lingers!!
  7. Mortgage bonds are trading higher this morning but face overhead resistance. rates on a 30 year mortgage 5.0%
  8. Rates remain unchanged today as stocks slide a bit off there high's. There are no treasury auctions next week which should help rates
  9. 7 year treasury auction rates an A- from CNBC's Santelli. Mortgage backed securities and rates remain unchanged
  10. 150 years ago today Colonel Edwai Drake struck oil in Titusville, Pennsylvania
  11. New homes sales at 433k v.s 390k expected!! inventories down to 7.5 months. MBS are trading to the downside currently.
  12. Mortgage backed securities Trading close to unchanged as todays auction is absorbed by traders. Rates currently have remained unchanged
  13. Obama: "The country is now seeing signs of recovery throughout the economy"