12.15.15-The day before the announcement.
Markets appear to be picking up steam but don't read a lot into it, trading volume is low and day traders are picking up some deals before tomorrow's announcement. Nothing stellar released in Economic reports this morning. Mortgage Backed Securities are taking a little bit of a breather and taking back some of our pricing gains. Government loan pricing is hanging tough but Fannie and Freddie are taking the brunt of the pricing hit so far. Don't be surprised to see the market gains fizzle towards the end of the day. Just remember what ever is announced tomorrow we are still in for a banner year in the real estate market, the market will react harshly one way or another and then come back around a few days later.
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