Rates Unchang
Rates Unchang
Markets Anticipate Tuesday PPI Report
Mortgage rates were up slightly today due to weakness from Friday PM trading, although bonds are up slightly.� The market is mostly focused on several reports which are due out tomorrow.� Most importantly there is the May PPI report which will measure inflationary pressure at the level of the producer.� Also Industrial Production and New [...]
Rates Rise On Strong Employment Data
Mortgage rates increased by at least .375 to price today on an unexpectedly strong Employment report for April.� The Department of Labor reported that the unemployment rate fell last month, as did the number of job losses.� Both numbers were expected to be an increase over March.�
Additionally,� March Factory Orders came in stronger than expected.�� [...]
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