Wednesday: Fed Chair Powell Semiannual Monetary Policy Report to Congress

Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios.

Wednesday:
• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

• At 10:00 AM, Testimony, Fed Chair Jerome Powell, Semiannual Monetary Policy Report to Congress, Before the U.S. House Financial Services Committee

• During the day, The AIA’s Architecture Billings Index for May (a leading indicator for commercial real estate).