Today’s Mortgage Rates Up Despite Stock Market Weakness
5 June 2007
Todays mortgage rates increased despite stock market weakness, rates increased by approximately.125 point this morning.
Despite no new economic news reported today, comments made by Bernanke, that the economy is still at risk for inflation, despite weakness in housing - held the market back.
Tomorrow we’ll see 1Q Productivity and Costs report which measures employee productivity and wage inflation.  High productivity is thought to keep the risk of inflation down.
Friday we’ll see April’s Good & Services data which indicates the size of the US trade deficit. This shouldn’t effect interest rates much. Altogether potentially a quiet week.
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