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Tuesday: PPI, Small Business Index

Summary:
From Matthew Graham at Mortgage News Daily: Mortgage Rates Move Up From Long-Term LowsMortgage rates had a fairly epic week last week, spending each day effectively pinned to the lowest levels since September 2017. That followed a swift move lower in the previous week and solid improvements every week since late April. … Things may be changing today. [Most Prevalent Rates 30YR FIXED - 3.875%]emphasis addedTuesday:• At 6:00 AM ET, NFIB Small Business Optimism Index for May.• At 8:30 AM, The Producer Price Index for May from the BLS. The consensus is for a 0.1% increase in PPI, and a 0.2% increase in core PPI.

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From Matthew Graham at Mortgage News Daily: Mortgage Rates Move Up From Long-Term Lows
Mortgage rates had a fairly epic week last week, spending each day effectively pinned to the lowest levels since September 2017. That followed a swift move lower in the previous week and solid improvements every week since late April. … Things may be changing today. [Most Prevalent Rates 30YR FIXED - 3.875%]
emphasis added
Tuesday:
• At 6:00 AM ET, NFIB Small Business Optimism Index for May.

• At 8:30 AM, The Producer Price Index for May from the BLS. The consensus is for a 0.1% increase in PPI, and a 0.2% increase in core PPI.

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