DAILY MORTGAGE RATE UPDATE 07-20-18

Mortgage Rates are slightly lower while Stocks trade near unchanged with quiet activity, typical for a summer Friday.

There were no economic reports due for release today. Ellie Mae reports that it saw a further uptick in purchase loan closings in June and a dip in refinancing.

I am recommending locking in the short-term, 30-days or less until closing. Longer-term, floating is recommended.

The purpose of art is washing the dust of daily life off our souls.

-Pablo Picasso

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