Today, the economic calendar is dormant but there are still plenty of news items to watch. The Middle East situation continues to evolve and concerns are spreading to the oil markets. If you live in southern California, as I do, you are now paying almost $3.50/gal for regular gasoline. Bond prices have given back much of Thursday’s gains, so if you took advantage of the market yesterday and locked your loan(s), congratulations. This is no market to play with, just take what it gives you.
Monday is the President’s Day Holiday and Home Savings of America offices will be closed, as will the HSOA lock desk. Enjoy your long weekend!
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