The weather in the valley has shifted gears, and I wonder if mortgage backed securities are taking their cue from the weather as they have blown upwards and are having a great day. We needed this day, but we will need to be careful this week as any news could change the upwind to a down wind very quickly.
The senate is debating the positives and negatives of extending the first time home buyers credit. We will see if they make any decisions tonight. All markets are waiting for this tid-bit of juicy news.
Stay tuned for more information.
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