ECB Scales Back – THE NEWS STAND

Over the past week, volatility in mortgage rates was at the lowest level since the election. The main market mover was the European Central Bank (ECB) meeting. Sunday’s referendum vote in Italy had little impact on U.S. markets, and the U.S. economic data also caused little reaction. While it was another good week for the stock market, mortgage rates ended the week with little change.

The most significant U.S. economic data released over the past week revealed another sign that the economy is ending the year on a stronger note.

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