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Tuesday: Richmond Fed Mfg
From Matthew Graham at Mortgage News Daily: Mortgage Rates Jump Back Toward 7%The latest headlines involve heavy criticism of Fed Chair Powell on the part of The President. Without any comment on whether that criticism is justified, we can still observe that markets find it unsettling. Traders are expressing that sentiment by pushing stocks lower and rates higher. Mortgage rates jumped fairly sharply today, with the average lender moving up from 6.87% to just under 7.00% for top tier 30yr fixed scenarios. [30 year fixed 6.98%] emphasis added Tuesday: • At 10:00 AM ET, Richmond Fed Survey of Manufacturing Activity for April.
From Matthew Graham at Mortgage News Daily: Mortgage Rates Jump Back Toward 7%The latest headlines involve heavy criticism of Fed Chair Powell on the part of The President. Without any comment on whether that criticism is justified, we can still observe that markets find it unsettling. Traders are expressing that sentiment by pushing stocks lower and rates higher.Tuesday:
Mortgage rates jumped fairly sharply today, with the average lender moving up from 6.87% to just under 7.00% for top tier 30yr fixed scenarios. [30 year fixed 6.98%]
emphasis added
• At 10:00 AM ET, Richmond Fed Survey of Manufacturing Activity for April.
