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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 2.13% and a low of 2.06%. We reached the high on yield because of above consensus inflation data and weak treasury auction. Originators experienced high volumes of locks and are getting pushed beyond capacity in underwriting and process departments.

The coming week brings mid-tier releases, with the key economic data release this week is the retail sales report on Tuesday.

Economic Calendar for the week of 07/15/2019 to 07/19/2019:

Monday: Empire Manufacturing
Tuesday: Industrial Production, Retail Sales
Wednesday: Building Permits
Thursday: Bloomberg Economic Expectations
Friday: U. of Mich. Expectations

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