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Wednesday: Trade Deficit, ADP Employment, ISM non-Mfg Index

From Matthew Graham at Mortgage News Daily: Mortgage Rates Rise Quickly on Overseas ConcernsMortgage Rates moved significantly higher today, relative to recently narrow ranges. It's enough to bring the most prevalent conventional 30yr fixed quote back up to 3.5% (from 3.375%) on top tier scenarios.... The source of today's panic is speculation that Europe is getting closer to its own version of "tapering.
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