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Treasuries opened slightly higher this morning, while mortgage backed securities are slightly down.  According to the Wall Street Journal, President Barack Obama will announce significant changes to the HARP program this morning.  According to the report, expect some changes in underwriting guidelines that will benefit those homeowners that currently cannot refinance.

What’s Up On Wall Street?

Last week turned out to be a good one for the markets.  After the closing bell on Friday, the Dow Jones industrial average was up 267.01 points, marking a 411.79 point increase over the week.  The S&P 500 also closed in the green with a 22.86 increase, and the Nasdaq composite closed 28.84 points higher than where they started.

Expect another fluctuating week out of Wall Street while the investing world sits and waits until Europe figures out what to do to solve the debt crisis.

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