From Matthew Graham at Mortgage News Daily: Mortgage Rates Back Above 7% to Start New Week
Mortgage rates moved modestly higher to start the new week. With the average top tier 30yr fixed rate just under 7% on Friday, this meant a move to just over 7% today. [30 year fixed 7.05%]
emphasis added
Tuesday:
• At 8:30 AM: Retail sales for May is scheduled to be released. The consensus is for a 0.3% increase in retail sales.
• At 9:15 AM: The Fed will release Industrial Production and Capacity Utilization for May. The consensus is for a 0.2% increase in Industrial Production, and for Capacity Utilization to increase to 78.6%.