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Weekly MGM Mortgage News Digest

Mortgage rates ended the week at the lowest levels in over a year.

Key influences that affected mortgage rates last week:
- No progress on US/China trade negotiations.
- Threat of trade tariffes on Mexican imports.
- Inflation still at low levels.
- First quarter GDP revised slightly lower to 3.1%

What to look for this week:
- ISM National Services Index on Wednesday.
- European Central Bank meeting on Thursday.
- Employment report on Friday.
- Further news on trade negotiations.

Source: MBSQuoteline.com