Mortgage Market Update 12/20/17

Mortgage rates inched higher Wednesday as the GOP tax plan cleared the Senate and appeared likely to pass the House. The tax cut bill is viewed by investors as likely to fuel economic growth and increase the federal deficit, pushing interest rates higher over time. In economic news, the National Association of Realtors reported November Existing Home Sales jumped 5.6% to 5.81 million annual units, easily beating forecast. No other key data will be released today.

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