Weekly MGM Mortgage News Digest 11/06


By AFN Media

Mortgage rates ended the week a little lower.

Key influences that affected mortgage rates this week:
- 261,000 jobs added in October.
- Lowest unemployment rate since December 2000.
- Lower wage growth than expected in October.
- Jerome Powell selected as Federal Reserve chair nominee.
- Tax reform bill revealed.

What to look for next week:
- JOLTS (Job Openings and Labor Turnover Survey) report on Tuesday.
- Treasury auctions Wednesday and Thursday.
- Progress on tax reform.

Source: MBSQuoteline.com