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Mortgage Rates Not Much Higher Than Friday

Mortgage Rates Not Much Higher Than Friday

Mortgage rates were at the best levels in 2 weeks as of last Friday and today's offerings are only modestly higher.  One counterpoint is that it didn't take much to hit 2-week lows in a rate environment that had been utterly lacking in directionality or volatility during that time.  A counterpoint to that counterpoint is that bland performance is exactly what we expected over that time due to an absence of big ticket economic data. What is big ticket econ data and why does it matter?  This refers to the two key reports and a handful of their supporting actors that consistently cause rates to surge higher or lower.  The two reports above all others are CPI (the Consumer Price Index) and the big jobs report.  CPI caused a stir just before the sideways vibes set in and this Friday's job
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