Last week marked the 9th week in a row of improving rates, but in reality it was a pretty flat week with Fannies only gaining 3/32nds for the week. Thursday was the scary day where we finally had a rally in stocks and the 30yr auction was not well bid making for a seriously negative day for rates that wiped out the gains for the week. That being said, Mid 4's for a 30 yr fixed with NO POINTS for our average buyer, Not to shabby! This week's calendar has its share of movers to keep an eye on: Monday, June 13: A no news day today and Mortgages went from slightly negative this morning ot slightly positive this afternoon, most likely following the stock markets moves. Tuesday, June 14: May Producer Price Index expected 0.0% with the core +0.2%. As reported this one should be supportive of s...
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