Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios.Wednesday:
• All US markets will be closed in observance of Juneteenth National Independence Day
• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
• At 10:00 AM, The June NAHB homebuilder survey. The consensus is for a reading of 46, up from 45 last month. Any number above 50 indicates that more builders view sales conditions as poor than good.