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FIRST TEAM’S WEEKLY MORTGAGE WATCH (April 23rd, 2017) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES:
- Global news helped drag mortgage rates slightly lower last week. While no one specific event caused the downdraft, the never-ending mess in Syria, the growing focus on North Korea, the return of Brexit into the news, and the drama around the French election, all seemed to dominate the news cycles.
- The falling rates, however, are not indicative of any unusual slowing of the US economy. Rather, we continue on the same course as we have been on for many years.
- Rates have drifted down to where they were after the election. Perhaps, the hopes that we would see a quick, radical change in Washington are