Daily Market Update 6/27/17

Mortgage rates inched higher Tuesday after hawkish comments from the European Central Bank (ECB) caused global bond yields to rise.  ECB President Mario Draghi hinted that the ECB may begin reducing its level of monetary stimulus, meaning it may purchase fewer bonds next year.  In the U.S., Consumer Confidence rose to 118.9, beating expectations.  Stocks were mixed.  Fed Chair Janet Yellen will be speaking at 1:00 PM.

Back to top