Mortgage Market Update 1/25/18

Rates inched higher Thursday in volatile trading.  This morning, the European Central Bank (ECB) made no monetary policy changes, as expected.  In the U.S., weekly Jobless Claims rose to 233,000, a bit under forecast.  December New Home Sales fell 9.3% to 625,000 annual units, well below expectations.  Stocks moved higher.  Results from today’s 7-year Treasury auction will be released at 1:00 PM.

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