MBS are down -1/32 (FNMA 30-yr 3.5 at 103.09), close to morning levels. It was a quiet session. Former FBI director Comey’s testimony had little impact on MBS. The Dow is up 10 points. Tomorrow, no economic data will be released. The results from the British election may affect MBS prices tomorrow at the open. Prime Minister May is expected to win. If she does, it also will be important to see how many seats in Parliament her party won.
Freddie Mac reported that average mortgage rates fell in the week through June 8, with 30-yrs hitting 3.89%, from 3.94% the prior week.