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Bodnar of MMG: Why Bond Pricing Worsened

Bill Bodnar of The Mortgage Market Guide explains that rates ticked up a bit and MBS saw price declines despite Fed bond buying. On Wednesday, the Fed purchased $9 Billion in bonds and pricing worsened... why? $20 Billion was offered for sale.

Follow prices resting on the 200-day Moving Average. If MBS prices fall beneath this floor, it would be bad for loan pricing. Learn what is happening right now by watching the video below and then educate your clients, prospects and partners.

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