Cautiously Floating: The big news of the day is that the Producer Price Index showed falling inflation on the wholesale level. This is largely due to the 25% drop in gasoline prices.
Mortgage bond prices continue to trade near there 200-day Moving Average for the 10 consecutive day.
I will keep you abreast of any developments.
About Me
- Gary Dickson
- Ogden, Utah, United States
- Serving Mortgage Customers Since 1988
