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Mortgage Rates Barely Budge, But Volatility Potential is Much Higher Tomorrow

Mortgage Rates Barely Budge, But Volatility Potential is Much Higher Tomorrow

Mortgage rates are based on bonds and the bond market is coming off an important and largely successful week.  It was important because it was the first week since the November 14th Consumer Price Index (a key inflation report that often causes movement in rates) that brought other economic data of similar significance.  It was successful because the balance of that data was not economically strong enough to do much damage to the recent winning streak. In other words, rates have fallen significantly from their decades-high ceiling in October due to softer economic data and we have yet to see an economic report that argues against that softening in an overly convincing way.  To be sure, last week's jobs report was very good relative to historic norms, but not good enough to derail the
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