Market Commentary icon

MARKET COMMENTARY

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

Apr 22, 2019

Equities rallied slightly while bond yields hardly moved during the shortened trading calendar last week. Outlook on China has turned less bearish as of late, however, questions surrounding economic strength out of Europe persist.

 Trader’s focus this week is largely on Friday’s data releases. With Q1 GDP reads and Core PCE, expectations are for results that would paint a more favorable picture of the economy than originally predicted. Today Existing Home Sales numbers were release and fell short of surveys, coming in at -4.9% lower MoM versus -3.8% expected. Chicago Fed National Activity Index, which is designed to gauge overall economic activity and inflationary pressure fell just short of expectations as well. Tomorrow will bring FHFA House Price Index, Richmond Fed Manuf. Index, New Home Sales. Wednesday is light with only MBA Mortgage Apps and Thursday will bring Durable Goods Orders and Cap Goods Orders along with the weekly jobs numbers and Bloomberg Consumer Sentiment.

 Economic Calendar for the week of 04/22/2019 to 04/26/2019:

Monday: Chicago Fed Nat Activity Index, Existing Home Sales
Tuesday: FHFA House Price Index, Richmond Fed Manuf. Index, New Home Sales
Wednesday: MBA Mortgage Applications
Thursday: Initial Jobless Claims, Continuing Claims, Bloomberg Consumer Comfort, Durable Goods Orders, Cap Goods Orders
Friday: GDP, Core PCE, Personal Consumption, U of Mich. Sentiment

Past Commentaries

Apr 22, 2019

Equities rallied slightly while bond yields hardly moved during the shortened trading calendar last week. Outlook on China has turned less bearish as of...
Full Story

Apr 16, 2019

Mortgage prices ended last week lower than where they began. This is due in large part to trading activity on Friday in reaction to...
Full Story

Apr 08, 2019

Mortgage rates rose some last week. The yield on the US 10YR Treasury rose above 2.500% mid-week but did come back down to...
Full Story

Apr 01, 2019

Mortgage prices rallied over a third of a point through the first half of last week before coming back to finish...
Full Story

Mar 25, 2019

Yields dropped last week as the 10-year TSY finished down over 14bps week over week falling below 2.50%.
Full Story

Mar 18, 2019

Yields dropped last week as the 10 year TSY finished down 5bps week over week, resulting in a general...
Full Story

Mar 11, 2019

Last week saw a slow but steady drop in mortgage rates as the yield U.S. 10yr Treasuries fell almost...
Full Story
Name
Title
NMLS#
Address
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