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Mortgages feeling heavy as market gained

Mortgages started feeling heavy last week as the market made further gains. After peaking at 4.892% on Jan. 29, the 10-year Treasury note had rallied 14.7 basis points to 4.745% through Feb. 7. Treasurys benefited from several sources, including a decent Treasury refunding, hedge unwinds of corporate pricings, and...

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