Mortgage Market Insight June 1, 2012

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We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Mortgage Rates Forecast . Morning news: Non- Farm Payroll Change 69k forecast was 151k last report 77k ( revised down from 115k) Un-employment Rate climbs to 8.2% from 8.1% Core PCE Price Index Month over Month stays almost flat 0.1% forecast was 0.2% last report was 0.2% (a measurement of inflation) Personal Spending came in as forecast 0.3% Personal Income came in down 0.2% forecast was 0.4% same as last report ISM PMI came in at 53.5 forecast was 54.0 last report was 54.8 Advise locking prior to possible profit taking and or change of market /investor emotion. Have a great weekend!

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