Mortgage Market Guide's recap of what happened this week and why.
There are three reasons why rates ticked up to finish the week: 1) de-escalation of U.S. and Iran, 2) jobs, and 3) economic improvement in Europe. Stocks have traded to all-time highs at the expense of Bonds. Looking ahead, be sure to follow the 10-Year Note which is getting close to a key level of 1.95%.
The labor market remains strong. Remember, jobs buy homes and not rates. The Goldilocks environment continues.
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