The 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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Bodnar of MMG: The Most Important Line of the Week "Until substantial further progress is made" was the most important line of the week for anyone buying or selling loans, according to Bill Bodnar of The Mortgage Market Guide.
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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.
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