DAILY MORTGAGE RATE UPDATE 07-05-18

Higher Stock prices are pushing Mortgage Rates lower this morning ahead of tomorrow’s June Jobs Report.

In today’s economic news, ADP reports that private employment growth in June came in a bit short of expectations while May was revised higher.

The Mortgage Bankers Association reports that home loan rates edged lower last week and remain historically attractive.

Ahead of tomorrow’s June Jobs Report, I am recommending locking in the short-term, 30-days or less. Longer-term, floating is recommended.

The greatest achievement is selflessness.

-Buddha

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