Wholesale mortgage rates are down this morning after Fannie Mae Mortgage Backed Securities slid 6.7 basis points to 6.310% from 6.377% on Monday. A basis point is 1/100 of a percent
Dow Stocks were up 136 in early trading.
Treasury yields increased early Tuesday, as U.S. stock markets headed higher after U.S. consumer confidence unexpectedly ticked up in July, the Conference Board reported Tuesday. The level remained relatively low and job concerns persisted.
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