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Bodnar of MMG: Why 'Less is More' is Driving Rates

Bill Bodnar of The Mortgage Market Guide (MMG) notes that this week rates hit the lowest levels since mid-February on the notion that less is more on many fronts, including inflation, employment, growth and policy response.

BillBodnar122The rally in bonds stopped at the 200-day Moving Average. The upcoming week brings corporate earnings, where we get a look if the fears of less growth are justified.

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