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Thursday, July 31, 2008

Rate Watch 7/30/08: Carefully Floating

Mortgage Bonds have dipped lower this morning after the ADP employment report indicated we had job growth rather than the estimate of 60,000 lost! With increased employement, possible worries about inflation and bonds HATE inflation. Because sentiment can change so quickly regarding stocks, I recommend floating to see if Bonds can regain some of their earlier losses. Have a great day and call me if you need more detailed information than I have supplied here.