31.   Mortgage-backed bonds trailed the gains of Treasuries as the rally increased concern that more homeowners will refinance the loans that back the bonds.

32.   Mortgage bonds gained far less than Treasury notes as traders fretted that lower rates will induce even more homeowners to refinance the loans that make up their bonds.

33.   Mortgage rates dropped during the period, prompting homeowners to refinance their loans or to repay them faster.

34.   Mortgage bonds fell less than U.S. Treasuries as a surge in interest rates tempered concern that homeowners will rush to refinance the loans that back the bonds.

35.   Mortgage bonds gained less Treasury notes, amid expectations that falling interest rates will let more homeowners refinance their loans and continue two months of early prepayments.

36.   Mortgage lenders are receiving fewer applications to buy homes or refinance loans than they did last week, according to a weekly survey by J.P. Morgan Securities Inc.

37.   Mortgage rates dropped during the period, prompting homeowners to refinance their loans or repay them faster.

38.   Mortgage securities gained less than U.S. Treasuries as interest rates dropped, stirring concern that homeowners may have a chance to refinance the loans that back the bonds.

39.   Mortgage securities lost less than U.S. Treasuries as bond yields jumped, extinguishing concern that homeowners will be lured to refinance the loans that back the bonds.

40.   Mortgage securities were little changed as steady interest rates helped assuage concern the bonds will be repaid early as more homeowners refinance their loans.