After steady gains this morning we saw a sell off this afternoon bringing the market straight back to even for the close. Interesting... if I were a betting man I would say banks will hedge on tomorrows opening rate sheets and they will open a little worse than closing this afternoon. Of course if I'm right and the market comes out strong tomorrow, we'll see reprices early. All things considered we all should be thankful rates are still as low as they are.
Let us count our blessings, these days are marked.
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