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Rate First Big Jump day in the last three months
March 24th, 2010 10:54 AM

I just released my March Newsletter and predicted the ARM rate will go up. And it went up today.

The rate jump is partially related to today's 5 year Treasury note auction, partially from the bear sentimental about the Fed Exit the MBS purchasing next week.

The current market is a no-direction market. But as I said before(repeat it again), the Nov/Dec low should our botton for the fixed rates. I will watch the ARM rate closely. But the ARM short term trend should go up, as I indicated in the March Monthly Newsletter


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Posted by Eric Fang on March 24th, 2010 10:54 AMPost a Comment

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