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Decent Mortgage Flows Defy FOMC Results: Mortgage volume stayed decent even as the market waited for the Fed's announcement

Mortgages saw decent volume in the first half of last week as the Federal Reserve dominated the market's attention. Flows Monday were mixed with heavy selling in the morning. This moved spreads substantially wider, which then drew in buyers in the afternoon. Specifically, originators sold about $2.5 billion in...

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