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The Dots Put an Exclamation Point on Record-Breaking Drop in Rates
We came into this week expecting the Fed’s Dot Plot to set the tone, or at least to create a good amount of movement in rates, and that’s exactly what happened. The dot plot refers to a chart that appears 4 times a year in economic projections released by the Fed. Projections are not the…
Read MoreWhat’s at Stake With Next Week’s Fed Announcement and Inflation Data?
It was mostly a great week for mortgage rates with the average lender near the best levels in months through Thursday. Friday’s jobs report pushed rates back up a bit, but not excessively. Next week’s two big ticket events could set the tone for the rest of the year. Ultimately, that’s exactly what’s at stake.…
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