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Created: 06/05/2015 at 12:47 PM Updated: 26/06/2017 at 6:40 PM

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Mortgage Rates Higher Despite Help From The Fed

Mortgage rates were higher to end the day, but not as high as they might have been without the Fed Statement.  The day began with a series of strong economic reports.  The ADP Employment Report was much stronger than expected, as was the employment component of the ISM Manufacturing report.  Investors connect those dots to increased risk of a strong number in this Friday's all-important Employment Situation Report (the big jobs report).  
But jobs are good, right?  So why is this bad? 
It's not bad for the economy.  It's merely bad for rates....(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it.[img]http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=702251
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#Posted on Wednesday, 01 February 2017 at 6:56 PM

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My archives (161)

  • Mortgage Rates Just a Bit Lower as Data...
    Mortgage rates moved just a bit...
    Tue, January 31, 2017
  • Mortgage Rates Slightly Lower to Begin Week
    Mortgage rates fell modestly today,...
    Mon, January 30, 2017
  • Mortgage Rates End Week Unchanged
    Mortgage rates fell today, undoing...
    Fri, January 27, 2017
  • Rates Remain Higher Despite Afternoon...
    Mortgage rates moved higher for the 6th...
    Thu, January 26, 2017
  • Mortgage Rates Resume Big-Picture Uptrend
    Mortgage rates moved higher for the 5th...
    Wed, January 25, 2017
  • Mortgage Rates Higher as Volatility Continues
    Mortgage rates have been...
    Wed, January 25, 2017
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