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Mortgage Rates Steady Near Higher Levels to Start the Week

Mortgage rates ended last week with a bit of a let down as the much anticipated Employment Report came and went. Although the data was worse than expected, something that is normally interest rate friendly, the bond market failed to make any positive progress and mortgage rates moved slightly higher. READ MORE While the economic calendar is empty today, the rest of the week is a little more busy. Here are the events and data points that might move rates this week. Thursday and Friday hold the most influential reports and events. As a general rule, worse than expected economic data benefits the fixed income markets, while better than expected data benefits equities. Tuesday International Trade Philadelphia Federal Reserve Bank President Charles Plosser speaks to the Entrepreneurs Forum of Greater...(read more)

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