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Mortgage Rates Roughly Unchanged Today, But Probably Not Tomorrow

Mortgage Rates Roughly Unchanged Today, But Probably Not Tomorrow

If you're reading this on Thursday, December 7th, it is the day before the big jobs report--the one that has all the potential in the world to cause huge reactions for interest rates .  It's not that lenders are watching the economic data and then guessing at how to adjust their rates in response.  Lenders are watching the bond market to determine the true value of the loans they originate and the bond market is watching the economic data! Bond traders will be the first to tell you, if there is one monthly economic report with the most consistent track record of inspiring volatility for bonds/rates, this is it.  This particular installment is more interesting than normal given the transition that's been taking place in terms of other economic data and the Federal Reserve's assessment
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