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Mortgage Rates Unchanged After Inflation Report Threads The Needle

Mortgage Rates Unchanged After Inflation Report Threads The Needle

When it comes to interest rates reacting to scheduled economic reports, the magnitude of the reaction is generally correlated with the extent to which the data comes out better or worse than expected.  Said more simply, the stronger the economic data is relative to expectations, the more rates tend to rise.  The weaker the data is, the more rates tend to fall. Of course there's a third scenario where the data comes out almost perfectly in line with the median economic forecast.  In those cases, there can still be subtleties in certain economic reports that tip the scales in one direction or the other.  Then again, sometimes those subtleties balance each other out, or they simply fail to catch the market's attention. In today's case, rates were waiting on the results of the Consume
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