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Mortgage Market Update 6/21/19

Mortgage rates inched higher Friday after falling to 20 month lows following Wednesday’s Fed meeting.  In economic news, May existing home sales rose 2.5% to an annual rate of 5.34 million units, above the consensus forecast of 5.30 million.  The median existing home price was 5% higher than one year ago.  No other key data will be released today.

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