Rate Price Based on 3.5% MBS - Currently, Down -0.14 Point.
Friday's September Industrial Production and Capacity Utilzation reports are bascilly in line with expectations, Cap Util is showing a little strength but Industrial Production showing a downward trend. Generally, this is supportive of our pricing levels and not a catalyst towards better pricing.
The MBS price is continues near the middle of a four month trading channel and the short term odds of rates increasing or decreasing is near equal.
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