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Weekly Rate Update for June 6, 2015- Shocking Economic News Reported
Published on June 6, 2015

Weekly Rate Update for June 6, 2015- Shocking Economic News Reported

Interest rates increased 0.25% from the end of last week and the uptick was driven by some shocking economic news.  The non-farm payrolls report was released and the market expected to gain 225k jobs, instead 280k jobs were announced which crushed all expectations.  On top of this we also saw hourly wages slightly increase which is also a positive sign for the economy.  This positive news in addition to uncertainty in the market regarding European nations and whether or not the Fed will increase rates this month has led investors to exit bonds in an effort to make some moves in the equity market.  This positive news is great for the economy, but tough on interest rates for the moment.  Over the coming weeks we will see if this momentum remains consistent or if it is slowed down by a variety of factors that are currently up in the air.

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Make sure to register for our upcoming event on June 16th to learn all about upcoming TRID compliance changes and how you can thrive in this market! www.august2015.eventbrite.com

Have a great weekend!