Daily Mortgage Stance

    Mortgage Bonds are trading near unchanged levels essentially immobilized by the stalemate in Washington.

    The nation could go over the cliff at the stroke of midnight tonight, but I feel that some sort of 11th hour deal will be struck so that the U.S. would continue to pay its debt obligations.

    In order to avoid any headline risk resulting from the talks on Capitol Hill, we are recommending to lock. 

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