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Rates Flat as Market Awaits FOMC Minutes

Rates are unchanged over Friday, no economic news was released today. Bonds are down today, but strength in bonds on Friday will keep mortgage rates flat today.

The focus for the week is on tomorrow’s 2pm release of the FOMC minutes. This will be scrutinized for evidence of the Fed’s position on the economy, inflation and the direction of interest rate policy. Depending on what we see, it could cause market volatility.

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