Happy Monday to all! Rates have dipped slightly.
What's up this week- Treasury Auctions and Housing Data vs Summertime
Prices are still firming and a little bit more supply is coming into the market, but the bad news is that Existing Homes Sales, held down by the big jump in mortgage rates, slowed to a 5.08 million annual rate in June which is sizably below the Economist consensus for a 5.27 million rate.
Tuesday: No Data
Wednesday: New Home Sales, Prior 476K, Consensus 481K.
Thursday:Durable Goods Orders, Prior 3.6%, Consensus 1.5%.Jobless Claims, Prior 334K, Consensus 341K.
Friday: Consumer Sentiment, Prior 83.9, Consensus 84.0
Dow is trading at 15,555 +11 the 10 yr bond is at 2.48 from 2.49 Yesterday, . Currently point structure isslightly lowerfrom Yesterday
Conv. – 4.25%
FHA. _ 4.125%
Have a super Monday!!!
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