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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