Mortgage-Backed Securities opened slightly higher this morning because ADP reported only 118k jobs were created in the private sector in November. This was below the 125k that was estimated. It was such a small move interest rates have been unchanged so far this morning. The jobs report that comes out Friday could be a potential market mover. I expect rates to be sideways until Friday unless we hear news out of Washington. Rates unchanged from yesterday.
WHAT’S HAPPENING?
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