The Mortgage Update

Treasuries fell for a second day as economists predict strong manufacturing reports today. The ISM Manufacturing Index rose to 50.5 last month up from 49 in May. A report reading 50 is the dividing line between growth and contraction. U.S. employers added 165,000 workers last month after hiring 175,000 in May. Official hiring numbers will be reported on July 5th. It’s a short week with the markets closed on Thursday, so let’s make every day count this week.