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Mortgage Rates Back up Toward Recent Highs After Upbeat Economic Data

Mortgage Rates Back up Toward Recent Highs After Upbeat Economic Data

Lots at Stake With Friday's Jobs Report Thursday's trading session provided an unpleasant but worthwhile reminder that "data dependence" cuts both ways in terms of its impact on the bond market.  Yesterday's session saw weaker data help rates avoid a break above 4% while today's data arguably did the opposite.  None of the above was a very big deal in the bigger picture, but Friday's jobs report certainly has the power to change the tone if it falls far enough from forecast. Econ Data / Events ADP Employment 164k vs 115k f'cast, 101k prev Jobless
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