Mortgage rates continued to drift with no major economic news to move them is either direction. Overnight 10 Year Treasury yields were just off their highest levels in two years as the U.S. economy continues to improve. The number of previously owned homes increased 1 percent in November according to the National Association of Realtors. Economists predict manufacturing activity will be reported at 56.9 this month, after growing in November at the fastest pace in more than two years. It’s another shorted trading week with the markets closed for the New Year.
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