Daily Market Update 6/17/11

Mortgage rates were little changed Friday.  Stocks moved higher on optimism that European officials are seeking quick action to stabilize Greece and the euro.  In economic news, Leading Indicators rose 0.8%, beating expectations.  Meanwhile, Consumer Sentiment declined to 71.8, below forecast.  The main event next week will be Wednesday’s FOMC meeting of the Fed.  Also next week, May Existing Homes Sales will be released on Tuesday and New Home Sales on Thursday.  No other data will be released today.

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