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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Before the February invasion of Iran, mortgage rates were at their best levels since 2022.
The bond rally that took us there began after the August 2025 Non-Farm Payrolls report triggered fears that the labor market was slipping toward recession.
This week we get the latest NFP data, along with JOLTS, ADP, and Challenger Layoffs.
Meanwhile, Tuesday’s midterms could reshape the future of the war in Iran.
Will a softening labor market help the hot streak for mortgage rates continue, or will an Election Day surprise spoil the fun?
Thanks for reading…
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