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Mortgage bond prices finished the week lower which put upward pressure on rates. Rates were near neutral the beginning on the week but fell mid-week. The employment data was mixed. ADP payrolls showed the economy added 154K jobs in September. Economists expected the creation of 171K jobs. We...
Mortgage bond prices finished the week near unchanged which kept rates basically flat. Rates improved Monday morning as news out of the Eurozone focused on Deutsche Bank and legal proceedings with the U.S. government. There was flight to safety buying of U.S. debt instruments as a result. That un...