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MARKET COMMENTARY

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

Market Commentary

Yields rose in the middle of the week after the FOMC announcement had investors briefly panicking that the pace of future rate hikes may be accelerated. By the end of the week, however, investors’ concerns subsided, and mortgages returned to near where they started the week.

This week will be a short week in the bond and mortgage markets. Monday saw equities see off, but mortgages held their ground on Tuesday when the mortgage markets opened. The week’s focus will likely be on CPI and Earnings data Wednesday as well as Retail Sales on Thursday.

Economic Calendar for the week of 11/12/2018 to 11/16/2018:
Monday: N/A
Tuesday: NFIB Small Business Optimism and Monthly Budget Statement
Wednesday: MBA applications, CPI and Weekly Earnings
Thursday: Empire Manufacturing Index, Philadelphia Fed Business Outlook, Retail Sales, Import Price Index, Initial Claims, Continuing Claims and Bloomberg Consumer Comfort Index
Friday: Industrial Production and Capacity Utilization
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