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MARKET COMMENTARY

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

Aug 21, 2017

Mortgage rates remained relatively stable last week while equities saw some volatility surrounding continued staff changes at the White House.

The week ahead is somewhat light on Economic data. The market focus will likely remain on Washington and the possibility of additional staff changes, and what (if any) effect those changes could have on tax reform and other legislative items that markets are expecting. Later in the week, investors will turn their focus to Jackson Hole Wyoming, where the Fed’s annual policy symposium is being held Thursday through Saturday, with Fed Chair Yellen and ECB President Mario Draghi both scheduled to speak on Friday.

Economic Calendar for the week of 08/21/2017 to 08/25/2017:

Monday: Chicago Fed National Activity Index

Tuesday: FHFA Housing Pricing Index, Richmond Fed Manufacturing Index

Wednesday: MBA Mortgage Applications, New Home Sales

Thursday: Initial Jobless Claims, Continuing Claims, Existing Home Sales

Friday: Durable Goods Orders, Cap Goods Orders

Past Commentaries

Aug 21, 2017

Mortgage rates remained relatively stable last week...
Full Story

Aug 14, 2017

Last week mortgage rates fell slightly. There were no major changes as far as the economic outlook...
Full Story

Aug 07, 2017

Last week was one of the times when equities and bonds moved in the same direction...
Full Story

Jul 31, 2017

Mortgage rates finished last week right where they started, with some light volatility early...
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Jul 24, 2017

Last week was a quiet week in terms of day to day volatility...
Full Story

Jul 17, 2017

Mortgage rates improved last week after Fed Chair Janet Yellen commented...
Full Story

Jul 10, 2017

Mortgage rates rose last week, fueled by a couple items...
Full Story
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