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Mortgage Market Update 11/6/18

Mortgage rates were little changed Tuesday after moving higher last week on strong employment data.  This morning, the Job Openings and Labor Turnover Survey, or JOLTS, reported 7.01 million job openings, down from last month’s record high 7.29 million.  The Fed began its periodic two-day Federal Open Market Committee meeting this morning to discuss monetary policy.  No rate changes are expected.  A policy statement will be released tomorrow at 2:00 PM.

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