Mortgage Market Update 1/9/18

Rates moved higher Tuesday as a continued rally in stocks and strong employment data have raised investors’ expectations for inflation.  In today’s economic news, the Job Openings and Labor Turnover Survey (JOLTS) declined to 5.88 million job openings in December, a bit below the consensus forecast for an increase to 6.04 million.  No other key data will be released today.

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