Daily Market Update 7/10/13

Mortgage rates were little changed Wednesday ahead of the 2:00 PM release of Minutes from last month’s Fed meeting.  Results from today’s 10-year Treasury auction will come out at 1:00 PM.  The Mortgage Bankers Association weekly purchase activity index fell by 3.1%, while the refinance activity index dropped by 4.4%.  Average reported 30-year fixed rates jumped to 4.68%, not including fees.  Fed Chairman Bernanke will be speaking today at the National Bureau of Economic Research in Boston at 4:10 PM.

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