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MARKET COMMENTARY

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

Oct 15, 2018

Last week saw mortgages rally slightly on a week of equities selling off. Although equities experienced some gains they were rather muted with the yield on the U.S. Treasury 10yr closing at 3.16%.
This week, mortgage bankers descend upon Washington, D.C. for the National MBA conference. The market will have a lot of economic data to digest. Retail sales (Monday), housing starts (Wednesday), FOMC meeting minutes (Wednesday), and existing home sales (Friday), are all on slate this week.

Economic Calendar for the week of 10/15/2018 to 10/19/2018:
Monday: Empire Manufacturing, Retail Sales and Business Inventories
Tuesday: Industrial Production, Capacity Utilization, NAHB Housing Market Index, and JOLTS Job Openings
Wednesday: MBA Mortgage Applications, PPI, Housing Starts, Building Permits and FOMC Minutes
Thursday: Jobless Claims, Continuing Claims, Philadelphia Fed Business Outlook, Bloomberg Consumer Comfort Index, and Leading Index
Friday: Existing Home Sales

Past Commentaries

Oct 15, 2018

Last week saw mortgages rally slightly on a week of...
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Oct 09, 2018

Last week saw one of the biggest rises in rates that we’ve seen in a long time. Week over week the 10yr treasury yield rose 17 basis points...
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Oct 01, 2018

Overall rates changed little last week with the 10yr closing at 3.061% vs 3.063%, a week prior. It was...
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Sep 24, 2018

Rates undoubtedly rose last week, much of which was realized by...
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Sep 17, 2018

Last week gave us a third consecutive week of ...
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Sep 10, 2018

Last week saw mortgage rates rise...
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Sep 04, 2018

Last week saw mortgage rates rise. Equities continued to...
Full Story
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