The upcoming release of October employment data is highly anticipated within the mortgage industry as it is expected to have a significant impact on the direction of mortgage rates. Following a recent surge in mortgage rates over the past month, industry experts are closely monitoring this data to gauge the future trajectory of interest rates and its implications for the housing market.
Key elements of the text include:
– Release of October employment data
– Impact on mortgage rates
– Surge in rates over the past month
– Importance of data in determining future trajectory of interest rates
– Implications for the housing market and industry stakeholders
You can read this full article at: https://www.housingwire.com/articles/october-jobs-report-will-influence-fed-policy-mortgage-rates/(subscription required)
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