The Mortgage Update

Nothing happened yesterday. Weak trading levels tempered any rally in the market. Overnight, 10-year notes rose for a third day as investors sought safer assets after two of Portugal’s ministers resigned from the government, reigniting concern the European debt crisis is worsening. Today investors may start to adjust their position pre-NFP report, which is due out on Friday. Market closes early today and no school tomorrow! Happy 4th of July .