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GDP Beats Forecasts

Friday, Mar 1, 2019 By HomeLoan123.

Stronger than expected economic growth data was unfavorable for mortgage rates this week. Progress in the trade negotiations also was negative, and mortgage rates ended the week higher.

The report on gross domestic product (GDP), the broadest measure of economic growth, for the fourth quarter of 2018 was delayed quite a bit by the government shutdown, but it was worth the wait. GDP increased 2.6% during the fourth quarter, down from 3.4% in the third quarter, yet well …