Mortgage Market Insight March 29th

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We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Mortgage Rates Forecast . Morning Economic News: Initial Unemployment claims 359k forecast was 351k last report 354k (revised upward from 348k) GDP annualized came in at a solid 3% forecast was the same as was last report. Concerns with growth, durable goods orders, and consumer confidence may have investors trimming exposure in equities.....which is good for bonds. With bonds trading at 102.80 or above a new trading range is starting to be established ..however be extremely cautious remember the corrections of the past few weeks big drops which pushed rates up. Have a great day!

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