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MMG Weekly Recap 4/17/20

by Bill Bodnar, on April 17, 2020 at 11:24 AM

Mortgage Bond pricing moved sideways as the Fed pared back it's MBS buying. The administration's suggested plan to reopen American business was seen as a positive to start the day Friday. The 10-yr Note yield is seeing support at 60% – keeping the yield elevated.

Next week we are watching Initial Jobless Claims and seeing if pockets of the U.S. open their business.  At the moment there are 22 million people on the unemployment line, which hopefully, for many will be temporary.

Find out more about what this means to you in the MMG Weekly Recap video: 

MMG Weekly Recap 17APR20

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Topics:Market analysisMortgage Market GuideMortgage TechnologyMMG Weekly RecapMarket IntelligenceMortgage RatesEconomyUnemploymentcoronavirus

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