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MORTGAGE MARKET UPDATE FOR THE WEEK ENDED JUNE 1, 2018

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There was not a lot of economic news that impacted mortgage interest rates released this week.  The main news was the Employment Report that was released on Friday and reported better results than expected.  Mortgage rates declined early in the week and following the Employment Report rose slightly, although for the week mortgage interest rates were slightly lower.

Next week the following events will occur and economic data will be released:

  1. Factory Orders will be released on Monday;
  2. The ISM National Services Index will come out on Tuesday; and
  3. The JOLTS Report will be released on Wednesday.