Market Commentary icon

MARKET COMMENTARY

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

Feb 11, 2019

Mortgages closed last week, under-performing Treasuries. The US 10 yr finished at 2.63, as interest rates fell for the third week in a row and approach their lowest levels in the past 11 months. Some of the topics we will focus on in the very near term are continued BREXIT negotiations, US/China trade talks, and the government shutdown returning. This Thursday, Mark Calabria’s nomination to be Director of the Federal Housing Finance Agency will be taken under consideration by the Senate Banking Committee.

We’ve got a light calendar this week as we start with no economic news of note today. Tuesday is not much more exciting as NFIB Small Business Optimism headlines the day. On Wednesday, there’s MBA applications CPI, and the monthly budget statement. Thursday we’ll get the weekly scheduled Jobless Claims and Continuing Claims, along with PPI, Retail Sales, and BBG Consumer Comfort. Finally, Friday wraps the week up with Empire Manufacturing Import Prices, Industrial Production, Capacity Utilization, and the University of Michigan Consumer Sentiment. There are no treasury auctions. 

Economic Calendar for the week of 02/11/2019 to 02/15/2019:
Monday: N/A
Tuesday: NFIB Small Business Optimism
Wednesday: MBA Mortgage Applications, CPI MoM and YoY, Monthly Budget Statement
Thursday: Initial Jobless Claims, Continuing Claims, PPI Final Demand Mom and YoY, Retail Sales Advance MoM, Bloomberg Consumer Comfort
Friday: Empire Manufacturing, Import Price Index, Industrial Production MoM, Capacity Utilization, U. of Mich. Sentiment

Past Commentaries

Feb 11, 2019

Mortgages closed last week, under-performing Treasuries. The US 10 yr finished at 2.63, as interest rates...
Full Story

Feb 04, 2019

Last week mortgages rallied throughout most of the week with mortgages experiencing...
Full Story

Jan 28, 2019

Last week President Trump announced a deal to reopen the government for three weeks, avoiding federal workers...
Full Story

Jan 22, 2019

Last week mortgages and bonds sold off a bit as equities rallied...
Full Story

Jan 14, 2019

Last week mortgages and bonds held their ground with the yield on US 10yr Treasuries climbing to...
Full Story

Jan 07, 2019

Last Wednesday during a Q&A panel in Dallas, with a hope to ease the minds of investors everywhere, Fed Chair Jay Powell...
Full Story

Dec 31, 2018

Last week was interesting as equities bounced back to recovery some of their massive losses from
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