Mortgage rates inched higher on Friday following stronger than expected economic data. Manufacturing Reports suggest the economy is picking up steam, making investors question the Fed’s future economic policy. Federal Bank voting members Eric Rosengren and Richard Fisher will be speaking today advocating the Fed trim asset purchases. This could put pressure on rates today. This week starts off with Factory Orders followed by Jobless Claims on Thursday. We will close the week with another Employment Situation Report on Friday.
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