Mortgage Rates: Focus Remains on Friday. ADP Jobs Data Provides Preview

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Posted To: Mortgage Rate Watch

Today held one of the few market events with the potential to move mortgage rates between now and Friday's employment situation report. And then the release of the Minutes from the December 14th FOMC meeting came and went this afternoon in a rather uneventful manner as far as the secondary mortgage market is concerned. So we cross that event off the list of mortgage rate movers.... While the chances of this move starting tomorrow are not huge, the release of the ADP Employment Report in the morning could provide some directional guidance because that data tends to be a preview of things to come in the Employment Situation Report (released Friday morning at 8:30am). Still, the bigger movements--the kind that could either significantly improve your scenario or make it altogether unobtainable...(read more)

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Source: www.mortgagenewsdaily.com

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