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Market Commentary go to market commentary

Updated on August 31, 2015 10:20:37 AM EDT Monday’s bond market has opened in positive territory as stocks open the week in selling mode. The major stock indexes are showing sizable losses during early trading, pushing the Dow lower by 170 points and the Nasdaq down 43 points. The bond market is currently up 11/32 (2.14%), but due to weakness in trading late Friday, this morning’s mortgage rates should remain close to Friday’s early pricing.
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There is nothing of importance set for release today, but the rest of the week brings us the release of six reports that may influence mortgage rates. Two of those six are considered to be highly important to the markets. Adding to the significance of these reports is the fact that they will be the last versions before the FOMC meeting next month that some believe may bring the Fed's first rate hike since the financial crisis and recession.

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