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Fed Lays Out Plan to Taper

It began as a decent week for mortgage rates. Ahead of Wednesday's highly anticipated Fed meeting, mortgage rates were a little lower on a week-over-week basis, as reflected in the weekly survey from Freddie Mac. Investors, however, pushed rates significantly higher after the Fed statement and press conference. The Fed's massive bond buying [...] Read more

Jobs Data on Target

This week, investors were focused on Friday's monthly Employment report. A high degree of volatility preceded the report, but the net result of the large daily movements was just a small increase in mortgage rates for the week. Against a consensus forecast of 165K, the economy added 175K jobs in May. There were slight downward revisions to the [...] Read more

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