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Bodnar of MMG: There is a Limit

Sunday, Apr 26 2020
Lending
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Bill Bodnar of The Mortgage Market Guide says there’s a limit to how high mortgage backed securities prices can go.

!--more-->The Fed has really pared back its buys recently and it is only buying to stabilize, not necessarily to lower home loan rates. Heading into this week, Bodnar says he is watching 10-year note’s inability to break beneath 60 basis points and the unemployment rate.

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