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Friday Market Wrap - 1/8/16 - China VS Employment
Friday Market Wrap 1/8/16 - China VS Employment
 
 
     The market place is ending the week fighting against itself.  We saw a pretty calm week with mild improvements to interest rates, but nothing to write home about.  What's really interesting is what's happening with the stock market, and how it's affecting (or actually, not) the mortgage market.
 
     For months you've heard that rates on mortgages will be heading up, and this week offers a glimmer of some truth to that, even as rates have come down.  The stock market got crushed this week on news that things aren't looking too hot in Chinese markets, and what would normally be rally-causing news in the employment numbers coming in looking quite stellar, the DOW has continued to drop.  Typically, a flight from stocks and the volatility we're seeing there would lead to a flight to the safety of mortgage bonds, but today (and most of this week), that hasn't been the case, at least to the extend that would normally be expected.
 
 
     Could this be upward pressure on rates as a large supply of Treasury notes & bonds are set for auction next week?  Perhaps.  More likely, though, is that despite ... more

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