Good News on Employment (For Those Who Don't Prefer Low Rates)

Don't miss the CMLS rumour in today's Mortgage Bytes (below).

When employment's on fire, mortgage rates can catch the spark. And while today's jobs report may not have been a raging inferno (growth is expected given massive population growth), it was hot enough to take yields up and kick borrowers' rate-cut dreams into July.

Here's how it shook out:

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