Mortgage Market Update 12/1/17

Rates were little changed Friday in quiet trading.  This morning, the Institute for Supply Management manufacturing index fell to 58.2, close to forecast.  Readings above 50.0 indicate expansion in the manufacturing sector.  October Construction Spending jumped 1.4%, beating expectations for a 0.5% increase.  No other key data will be released today.  The Senate may vote on the GOP tax bill later today.

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