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Results (5,431+)
Account Closed Correlation of Bond Yields and Mortgage Rates
9 January 2023 | 10 replies
Friday was very interesting - in that the jobs report (which has been a huge driver of movement on mortgage rates in 2022 - more new jobs = higher rates as means Fed more likely to raise rates, and vise versa) came in better than expected BUT yields and rates DROPPED a lot - pretty much the opposite behavior of the last year and what everyone expected.