Mortgage Today 11/1: Bonds Surge with UMBS up 59 bps, FOMC Decision in Focus, and Major Verdict Shakes Real Estate Stocks.
Wow! Big open for bonds. UMBS up 59 bps. S&P futures down 12.25 ADP Employment = 113k vs 150k f'cast, 89k prev Treasury announced the 2nd phase of this week's details on increased [...]