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Today's Interest Rate News

February 13th, 2014

February 13, 2014; 9:39am

Good morning!

Interest rate trends: Today – Higher; 10 days – Higher; 25 days – Flat

Interest rate recommendation:  Cautious float

Today’s economic news came in worse than expected and has caused MBS’s to improve, currently at +25bps.  Retail Sales came in at a -0.4%, Decembers Retail sales was revised downward to -0.01% from .2%.  Initial Jobless claims came in higher than expected as well.  With the worsening economic data and MBS’s improving, we will change to a cautious float recommendation and see if we can get back some of what we have lost in interest rate pricing over the last few days.  Have a great day!

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