Mortgage Market Update 12/4/17

Rates faced upward pressure Monday as a rally in stocks hurt bonds and mortgage-backed securities.  Late Friday, the Senate passed its version of the GOP tax bill, resulting in a surge in stock prices.  The Dow is currently up nearly 300 points.  In economic news, October Factory Orders fell 0.1%, a bit less than expected.  News on Michael Flynn, tax reform, government funding, and key employment data are likely to influence mortgage rates this week.

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