Mortgage rates are slightly worse today

Mortgage bond prices opened initially higher today, but are following treasuries into negative territory. The US funded regime in Egypt continues to falter with demonstration sizes increasing. Internet access has been restored, but the situation has not improved. Bill Gross speaks his mind about the current state of the US economy. As the director of the worlds biggest, and most successful bond fund, people tend to listen when he speaks. The jobs outlook in America is looking up, a positive sign for the US economy, this is bad for bonds and likely the reason that this mornings strength has reversed. Nothing left on tap for data today, so we'll have to continue to watch the headlines roll through to see where the market takes us. Punxsutawney Phil says "Winter's Over!" tell that to the people stuck at East Coast airports.