Mortgage Market Guide's recap of what happened this week and why.
The coronavirus fears are fading somewhat which is boosting U.S. Stocks while mortgage rates inch higher, just above all-time lows. The recent run higher for Mortgage Bonds has stalled midweek and tomorrow's Jobs Report, if strong, could push Bond prices lower, while at the same time, rates could inch higher.
Next week Fed Chair Powell will be on Capitol Hill testifying on the state of the U.S. economy, which could also be a market moving event.
What does this mean for your clients, partners, and borrowers? Find out in this week's edition of the MMG Weekly Recap:
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