Daily Market Update 8/6/14

Rates were little changed Wednesday in quiet trading.  In economic news, the June Trade Deficit declined to $41.5 billion, below expectations.  The Mortgage Bankers Association weekly purchase activity index fell 1%, while the refinance activity index rose 4%.  Average conventional 30-year fixed rates increased to 4.35%, not including fees.  No other key data will be released today.

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