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MMG Weekly Recap 7/24/20

by Bill Bodnar, on July 24, 2020 at 12:07 PM

Mortgage Market Guide's recap of what happened this week and why.

This week, rates hovered near the best levels ever as Stocks took a break from their sharp rise higher. Housing continues to shine as New Home Sales for June reported far better numbers than expected. The ugly item for the week was a higher than expected Initial Claims number, which broke a long streak of declining numbers. Next week is a huge week, with $140 billion in Treasuries being auctioned, a ton of high impact reports being released, and come next Wednesday, we get the Fed's Monetary Policy Statement. 

MMG Weekly Recap 24JUL20

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Topics:Market analysisMortgage Market GuideMMGmortgageMortgage TechnologyMMG Weekly RecapStocksMarket IntelligenceHome SalesMortgage Ratescoronavirus

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