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By Friday, there is every chance that you will be tired of hearing different versions of the same story. The Plot: Last Friday’s jobs report kept rates from falling back into the mid-6% range, but not enough to propel rates well into the 7% range. Without highly consequential data on the calendar, it makes sense to hold off on larger movements until next week’s dynamic pair (the Consumer Price Index and the Fed) take the stage.
As per the plot, the average 30-year fixed rate saw little change today. The absence of change reflects unchanged levels in the underlying bond market.
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