Rates Down Friday
27 June 2008
It was another bad day on the stock markets, which helped mortgage rates continue to fall, despite some unfavorable economic news. Rates should improve by .125 to price.
The May Personal Outlays and Income data came in at levels not good for mortgage rates, showing income increasing and inflation slowing.
The University of Michigan’s Index of Consumer Sentiment for May came in slightly weaker than expected.
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