This week, investors focused on international events as the eye-opening Brexit vote looms and United States-China trade deal makes progress.
As CPI shows inflation plummet, most investors expect moderate U.S. economic growth this year and weakness in other regions.
After the completion of Brexit, Italy faces the third-largest economy in the European Union (EU) after Brexit.
This week, mortgage rates faced volatility as there remained a strong focus on the French election with the vote on Sunday.
As of late, the European elections produce more volatility for mortgage-backed securities as the outcome remains uncertain.
This week, the world watches for Thursday's Brexit vote. Analysts anticipate that the vote leaves a tremendous impact on mortgage rates for years to come.