Short Term Spike On Horizon – Lock Your Rate

Mortgage Backed Security
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Weekly initial jobless claims are still over 400,000 but they came down very substantially in the May 14 week to 409,000, for a 29,000 fall following the prior week’s 40,000 decline (prior week revised 4,000 higher to 438,000). Stock futures are rising in reaction to this report.  This will make mortgage rates increase….lock today.

 

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