Mortgage Update May 24 2018

“Mortgage Bonds are modestly higher as they add to yesterday’s gains, which were touched off by the rather dovish Fed minutes. Stocks look to open lower on lingering trade issues. Later this morning, April Existing Home Sales will be released. Home loan rates have edged higher though they remain historically low. I am recommending floating, but be on guard during the day. If anything changes, I will get back to you.”

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