The week ended on a volatile note which is common for a holiday week. While a decline in bond yields worldwide were positive for mortgage rates better than expected jobs data on Friday caused mortgage rates to rise to close the week.
Next week the following economic events will occur and economic data will be released:
- 1. The JOLTS report will be released on Tuesday
- 2. The minutes of the June 19 Federal Reserve meeting will be released on Wednesday; and
- 3. The Consumer Price Index will be released on Thursday.