Mortgage Market Update 1/10/18

Mortgage rates inched higher Wednesday following reports that Chinese officials are considering scaling back or ending their purchases of U.S. Treasuries in response to trade tensions with the U.S.  The possibility of reduced demand for bonds pushed yields higher.  In economic news, December Import Prices rose 0.1%, below expectations.  Results from today’s 10-year Treasury auction will be released at 1:00 PM.

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