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MBA June 7 week mortgage applications.......>

US DATA
US DATA: MBA June 7 week mortgage applications +26.8% on sharply lower mortgage
rates, with the refi index +47% and the purchase index +10% (+10% y/y NSA).
- Mortgage rates fell sharply to their lowest level since September 2017. The
average 30-year conforming mortgage rate fell to 4.12% from 4.23% in the
previous week.
- MBA noted that mortgage rates declined due to trade tensions, bearish comments
from Fed officials, and the soft May payrolls data. 

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