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Jobs Report was a mixed bag. Chance of Fed in June remains intact - for now. CPI next week can change that. Mortgage Market Guide (MMG) - Product Overview Demo
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A Primer on the Secondary Mortgage Market – July 21, 2008 This morning we are seeing yields improve from higher opening levels in response to a higher than expected Initial Jobless The Jobs Report was bond friendly - unemployment rate was higher than expected and wages were lower than expected.
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The bond market is the backbone of all markets. Paying attention to certain market actions can tell you a lot about the Three big news events midday Friday moved the markets as we look to next week.
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Jobs Report Friday was a mixed bag. Treasuries testing key levels. Next week, CPI expected to be in the mid-3.00% Banking contagion fears erode. Good news is bad news for rates. "Higher for Longer" is back for the Fed. Watch technicals closely
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How mortgages work