Resources Icon

MARKET COMMENTARY

A weekly look at where mortgage interest rates are headed. A weekly Economic Calendar is also included.

Feb 27, 2017

Last week was one of the instances where equities and bonds moved in tandem, rather than in opposite directions. Mortgages experienced a general rally throughout the week, while both the Dow Jones Industrial Average and the S&P 500 closed at record highs. Mortgages and bonds showed real strength rallying even after the Fed minutes were released and the phrase “fairly soon” was used in referring to raising rates.

This week’s calendar is full of data, but the highlight will likely occur after market hours. The President speaks to a joint session of congress tomorrow night. If his CPAC speech is any indication, his message tomorrow will be broad and touch upon taxes, immigration, trade, and healthcare. It will most likely lack details, but will set the agenda he wants congress to focus on. Yellen speaks on Friday and it will really be the last opportunity to get the markets prepared if there is going to be a March hike. There are other Fed speakers along the way.

Economic Calendar for the week of 02/27/2017 to 03/03/2017:

Monday: Durable Goods Orders, Pending Home Sales and Dallas Manufacturing Activity

Tuesday: GDP Annualized (QoQ), GDP Price Index, Personal Consumption, Wholesale Inventories, Retail Inventories, S&P CoreLogic 20-City Survey, Chicago Purchasing Manager and Richmond Fed Manufacturing Index

Wednesday: MBA Mortgage Applications, Personal Income, Personal Spending, PCE Deflator, ISM Manufacturing, ISM Prices Paid, ISM Employment, Construction Spending (MoM), Beige Book, and Wards Vehicle Sales

Thursday: Initial Jobless Claims, Continuing Claims, and Bloomberg Consumer Comfort Index

Friday: Markit US Services PMI and ISM Non-Manufacturing Composite

Past Commentaries

Feb 27, 2017

Last week was one of the instances where equities and bonds moved in tandem, rather than in opposite directions...
Full Story

Feb 21, 2017

Last week, mortgage rates finished very close to where they started...
Full Story

Feb 13, 2017

Last week was a rather quiet week in terms of economic data and news...
Full Story

Feb 06, 2017

Mortgage rates improved slightly last week with Friday’s Non-Farm payrolls report showing weaker than expected wage gains...
Full Story

Jan 30, 2017

Mortgage rates increased slightly last week as equities experienced strong days mid and late week...
Full Story

Jan 23, 2017

Last week, mortgage rates increased as a result of better than expected economic numbers...
Full Story

Jan 17, 2017

Mortgage rates remained relatively stable last week, with markets focused...
Full Story
Team Awesome Sauce and Good Gravy
Loan Consultant
NMLS#
29012 Mallard St. Dallas, TX 75093
Visit Page Find New LC
home3 image music film file-empty file-text2 file-picture file-music file-play file-video file-zip folder-download folder-upload price-tag phone location location2 compass map map2 calendar display laptop mobile mobile2 tablet tv bubble key key2 lock unlocked pie-chart stats-dots stats-bars stats-bars2 trophy warning notification question info google-plus facebook twitter youtube vimeo linkedin2 file-pdf file-openoffice file-word file-excel libreoffice