2/2/10

Most rate prices are slightly improved today as mortgage bonds trade modestly higher with Treasuries this morning in what is shaping up to be a very quiet and uneventful start to the week that ends with the biggie jobs report. The other number that will most likely move mortgage rates is Thursday’s prepayment report. Today’s news is little more than an unchanged report of existing home pending sales. Stock Markets are trading to the positive for a second day and bonds are holding their ground at the moment.