Over the weekend, the European Union (EU) and the International Monetary Fund (IMF) announced an aid package for Greece.  The announcement has done little to calm fears that Greece’s fiscal crisis may spread to other European countries.  As a result, Europe and U.S. stock markets have been battered and treasury prices have benefited.  Mortgage rates are down again this morning.  There are several economic reports out this week including the April Unemployment Report coming on Friday, but the focus will continue to be on the Greek situation and the resulting effects on stocks.

 

Rate Trend: Slightly Lower