Mortgage rates were were unchanged for the most part yesterday as prices of mortgage-backed securities held to their recent range. Following Monday’s light volume trading session which pushed MBS prices to levels not seen in months, trading volume picked up yesterday and MBS were able to hold onto the gains. Today is the final day of the third quarter, so we will be more optimistic if the topside breakout holds when the fourth quarter begins tomorrow.
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Rates Remain Range Bound into Quarter End
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