The Next Refinance Boom Bonds are flat and Stocks are trading slightly lower.  Although Mortgage Bonds were down as much as 16 BP, this morning’s headlines helped erase the losses. Initial Jobless Claims fell 5,000 to 366k, a bit worse than expectations of 360k, with the previous week’s number revised a little worse as well.  This news was Bond friendly, as the memory of the strength shown a few weeks back is

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