| Jun 15, 2011 5:36PM Rate sheet influential MBS prices took took a beating yesterday. The bond market's behavior was so unfriendly that Best Execution mortgage rates nearly shifted higher as a result. The main motivation behind this unfavorable directional display was a significant rally in stocks. Although this market event didn't break any long-term positive trends in bonds, it was certainly scary enough to make one question the strength of our bullish bias. Fortunately that skeptical stress was alleviated today. Stocks... Jun 15, 2011 1:57PM The National Association of Homebuilders (NAHB) today reported that its Housing Market Index (HMI) fell to 13 after standing at 16 for six out of the last 7 months seven months. The HMI is a measure of builder confidence gleaned from homebuilders' responses to a monthly survey that has been conducted by NAHB for over 20 years. "Builders are being squeezed by the continuing weakness in existing-home prices - against which they must compete -- as well as rising material costs," said NAHB Chairman Bob...
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