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Surprisingly bad jobs report opens window for lower rates in short term

Mortgage rates are set to drop this morning on a surprisingly Bad jobs report.

Economists had forecasted 225k new jobs, but the Monthly jobs report held only a meager 142k.

MBS and Tsy rallied.  The question is this:  How long will they hold and will these numbers be revised?  At least for today we are seeing mortgage rates slightly lower.

 

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