Stocks and Mortgage Bonds are both in rally mode after a COOLER than expected PPI report.

The May Producer Price Index (PPI) report showed that overall producer inflation increased by 0.1% in June, which was even lower than the 0.2% expected drop.

There is an 80% chance after the July expected .25 hike the FEDs will not hike again for the rest of the year.

This is very good news for rates as we are starting to see the early June and mid May rates on a national average coming back into the 6’s comfortably.

A fun look at Parks and attendance.