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via mortgagenewsdaily.comEconomy

Mortgage rates hold steady at lows despite stronger jobs report

FROM THE WIRE · MORTGAGENEWSDAILY.COM

Today was an odd one for mortgage rates. Anyone who's been following the rate market for very long will tell you that the monthly jobs report is one of the most reliable source of volatility for rates. In general, when job growth is much stronger than expected, rates rise and…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralThe jobs report and the flat rate reaction matter for expectations on monetary policy.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The jobs report far exceeded expectations, yet rates held flat.
  2. 02The text says the Fed is focused almost exclusively on inflation.
  3. 03The article gives no precise figures for the report.

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Breaking live stories come from third-party newswires via feed; headline and summary belong to the stated source. Impact analysis: UCapital AI · News Impact.

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