Mortgage rates bounced back Friday, after an unexpected announcement that Mel Watt will delay the Gfee increase effective April 1st. He stated Friday night he would delay the increase until he had an opportunity to evaluate the rationale for the plan. Last week economic news continued to come in above forecast, the gross domestic product grew at its fastest pace in almost 2 years. This week is a shortened week due to the holiday. Today, Consumer Sentiment is out a 9:55, tomorrow Durable Goods Orders is announced at 8:30, and we will close the week with Jobless Claims on Thursday.
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