Mortgage Update October 4 2017

“Mortgage Bond prices are near unchanged as Stocks look to take a breather after hitting several record highs in the past five trading days. In economic news, ADP Private Payrolls came in lower than expected in September and comes ahead of the government’s Job Report due out on Friday. The Mortgage Bankers Association reports that home loan rates edged higher in the latest week though they remain at historically attractive levels. I am recommending carefully floating but remember that the government’s Jobs Report for September is due out on Friday morning and the numbers usually carry a big headline risk. If anything changes, I will get back to you.”

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