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A weekly look at where mortgage interest rates are headed. A weekly Economic Calendar is also included.

Market Commentary

Over the past week treasuries were range bound with a high of 2.05% and a low of 1.96%. We reached the high on yield because of above-consensus non-farm payroll release. Originators experienced high volumes of locks and are getting pushed beyond capacity in underwriting and process departments.

The coming week brings several top-tier releases, with the key economic data release this week being the CPI report on Thursday.

Economic Calendar for the week of 07/8/2019 to 07/12/2019:

Monday: Consumer Credit
Tuesday: JOLTS
Wednesday: Wholesale Trade Sales
Thursday: CPI
Friday: PPI

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