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I participate in a weekly survey on mortgage-x. For the upcoming week, I said:
Vote: () () Over the next 30 days rates will decline significantly; over the next 90 days rates will decline slightly.
“Recent bond market deterioration represents a shift in sentiment, and the high volatility is representative of a lack of conviction. No markets like uncertainty. The shift toward optimism that we are coming out of the Great Recession may be premature.”
Find out what others are saying by clicking here. (hint, all over the map, which reinforces my believe about uncertainty above…).