Tuesday, June 17, 2014

End of the day 6/17/2014

Mortgage rates erased yesterday's improvement, ending up back at levels consistent with the middle of last week. Stronger-than-expected inflation data fueled speculation that the Fed will remain on an aggressive path with respect to an eventual rate hike. Bond markets continued to suffer while stocks bounced back from pre-market weakness. Most lenders ended up raising rates at least once during the day.

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