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MARKET COMMENTARY

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

Jul 15, 2019

Over the past week, treasuries were range bound with a high of 2.13% and a low of 2.06%. We reached the high on yield because of above consensus inflation data and weak treasury auction. Originators experienced high volumes of locks and are getting pushed beyond capacity in underwriting and process departments.

The coming week brings mid-tier releases, with the key economic data release this week is the retail sales report on Tuesday.

Economic Calendar for the week of 07/15/2019 to 07/19/2019:

Monday: Empire Manufacturing
Tuesday: Industrial Production, Retail Sales
Wednesday: Building Permits
Thursday: Bloomberg Economic Expectations
Friday: U. of Mich. Expectations

Past Commentaries

Jul 15, 2019

Over the past week, treasuries were range bound with a high of...
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Jul 08, 2019

Over the past week treasuries were range bound with a high of 2.05% and a low of...
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Jul 01, 2019

Over the past week, treasuries were range bound with economic releases and...
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Jun 24, 2019

Over the past week treasuries rallied with continuing speculation that the Fed may cut rates as many as...
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Jun 17, 2019

Over the past week, treasuries traded flat and equities fell with the Dow finishing down...
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Jun 10, 2019

The key economic data releases this week are the CPI report on Wednesday and the retail sales report on Friday. We do not expect...
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Jun 03, 2019

Growing trading concerns have made significant impacts on global equities and yields, as the yield curve was sent lower by..
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