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MORTGAGE MARKET UPDATE FOR THE WEEK ENDED MAY 25, 2018

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There was little reaction to the economic data that was released this week.  The bond market was quieter than it has been in several weeks and mortgage interest rates declined over the week although they remain near multi-year highs.

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

  1. The Core PCE Price Index will be released on Thursday; and
  2. The ISM National Manufacturing Index and the Employment Report will be released on Friday