The Mortgage Bankers’ purchase index was released at 7:00 AM EDT, and there was a week to week increase of 10.1% last week, which was attributed to the end of the second federal stimulus program and a decrease in mortgage rates from last week. This increase followed a decline of 10.5% in the previous week.
At 10:30 AM EDT, the weekly Energy Information Administration Petroleum Status Report will be released, giving investors an update on oil inventories as oil prices continue to move higher.
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