http://MikesDailyMarketReport.com: Housing Starts increased from (lower revision) of 1.546 million annualized units in May to 1.643 million, or up 6.3%, in June. However, Building Permits declined by 5.1%, from 1.683 million annualized units in May to 1.598 million in June. These, of course, are future Housing Starts. We have seen a little bit of a pullback in Home Builders sentiment recently, so this isn't too surprising. Stocks are rebounding after yesterday's big selloff. Investors are buying back in, as sentiment is Monday's actions were a bit overblown. MBS are off it's earlier highs, which better pricing was very short-lived. Mortgage Rates are currently Unchanged from yesterday's close. We're also seeing signs of a possible trend reversal, as candlesticks show some uncertainty with Investors. Yields touched 1.13% earlier, but has rebounded higher to 1.21%.
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