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Mortgage Market Update 9/20/18

Rates were little changed Thursday as stocks moved higher.  This morning, weekly Jobless Claims fell to 201,000, below the consensus forecast of 210,000, to the lowest level since 1969.  Following four straight months of declines, the National Association of Realtors reported August Existing Home Sales were flat at an annual rate of 5.34 million units, close to expectations.  Sales were 2% lower than one year ago, while the median existing home price was 5% higher.  No other key data will be released today.

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