Did you know 10 of the last 11 non-farm payroll reports have been revised lower?
Why is this important?...because it points to greater weakness in the economy…which leads to reduced inflation…which leads to Fed rate cuts…which leads to traditionally higher MBS/bond purchases…which leads to lower rates.
This is why mortgage rates are forecast to lower in the next two years.
That's it for today!
Thanks for reading!
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