Mortgage Market Commentary as of December 27, 2016 courtesy of Dean Mlinarich,Branch Manager with Caliber Home Loans
A look at where mortgage interest rates are headed including a calendar of upcoming Economic milestones.
Last week was relatively quiet, as expected; however, on Friday, there was small market movement as many participants started their holiday a little early. Positive data from new home sales, University of Michigan releases, did not impact our markets much.
This week the data calendar is very thin and lacks any top tier data releases. In addition to the weekly jobless claims, releases will feature home prices, consumer sentiment, the advance trade goods deficit, wholesale inventories, and the Chicago PMI. With little economic data and no scheduled Fed speakers this week, it is likely that Treasury auctions will dominate the calendar during the holiday week. Treasury will auction a full slate of bills on Tuesday, 2-, 5-, and 7-year notes Tuesday, Wednesday, and Thursday, respectively. Expect a bit of volatility in the markets this week as any news may initially be magnified in impact due to lack of market liquidity.
Economic Calendar for the week of 12/27/2016 to 12/30/2016:
Tuesday:S&P CoreLogic 20-City Survey and Richmond Fed Manufacturing Index
Wednesday:Pending Home Sales and Dallas Fed Manufacturing Index
Thursday:Wholesale Inventories (MoM), Retail Inventories (MoM), Initial Jobless Claims, Continuing Claims, and Bloomberg Consumer Comfort Index
Friday:Chicago Purchasing Manager Index
Dean Mlinarich, Branch Manager Caliber Home Loans NMLS ID 155740
firstname.lastname@example.org 1421 Pine Ridge Rd., Suite 220, Naples, FL 34109 Office 239-206-8280 https://caliberhomeloans.com/loan-consultant/florida/naples/dmlinarich
Author:Fay Bamond Phone: 239-273-4006 Dated: December 28th 2016 Views: 129 About Fay: Fay Bamond, PA, Broker Associate, provides buyers and sellers in-depth local knowledge, technologica...
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