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Mortgage Rates Surprisingly Resilient After Jobs Report

Mortgage rates completely defied the odds.  They even defied convention.  Specifically, they managed to move appreciably lower even though today’s big jobs report basically told them not to. 
This is a big deal for several reasons. The jobs report is historically the most important economic report on any given month as far as interest rates are concerned.  Granted, it’s had a bit less impact than normal recently due to the persistently strong readings (i.e. solid job creation is old news), but rates have nonetheless been willing to move in a logical direction when the reports have been much stronger or weaker than normal.

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Source: mortgagenewsdaily.comNew feed

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