TABLE OF CONTENTS
RATE RECAP ⏪
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The +/- shown in the Rate Price Index represents how the pricing of mortgage rates changed during the time series.
Learn more and explore additional time series at the LendZen Index Substack.
WEEK AHEAD 🗓️
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This week’s data will either save or break the bond market.
Employment takes the lead, with JOLTS, ADP Payrolls, and Challenger layoffs building toward Friday’s Non-Farm Payrolls report and unemployment rate.
Unfortunately, jobs aren’t the only thing we need to worry about.
Wednesday brings the PCE inflation report, which the Fed monitors closely.
Retail inventories and manufacturing surveys also matter for a market hypersensitive to any sign that inflation is getting worse.
Mortgage rates already have their backs fully against the wall, so if this week’s data could get the memo … that would be great.
Thanks for reading…
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