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Jesse Stroup

Mortgage and Real Estate housing update

Tuesday, October 6, 2015 - Article by: Jesse Stroup - Geneva Financial - Message

Mortgage Bonds have gradually lost some ground from last Friday's wild intraday highs, which was due to the weak September Jobs Report.Also weighing on Bond prices this week is a sizable amount of Treasury securities being sold as the added supply weighs on prices.With an October Fed rate hike all but off the table, Stock prices are in rally mode at the expense of Bonds. I am recommending locking, if anything changes, I will get back to you.Jesse Stroup California Mortgage Professional www.CaliforniaHomeLoanLender.comwww.JesseStroup.comNMLS# 6229Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act. NMLS # 930622 | NMLS # 6229

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