|
Friday’s bond market has opened down slightly with nothing to directly
drive trading today. The major stock indexes are showing early minor
losses that has the Dow down 42 points and the Nasdaq down 1 point. The
bond market is currently down 3/32, which should push this morning’s
mortgage rates higher by approximately .125 of a discount point.
Yesterday’s 30-year Bond auction did not go as well as Wednesday’s
10-year Note sale did. Several indicators we use to gauge investor demand
showed average interest at best with some indicating lackluster results.
That prevented the bond market from improving during afternoon trading,
but it also didn’t cause pressure or selling either. The net impact on
mortgage rates was minimal.
There is nothing scheduled for release today that is likely to influence
bond trading or mortgage pricing. Therefore, it is relatively safe to
assume that we will see a calm day for mortgage rates, although Friday
afternoons have known to be a bit volatile. However, that has usually
come in much more active weeks as investors unwind positions following
key economic releases. In other words, there is not much to be worried
about this afternoon, but it is always prudent to peek at the markets
once or twice if still floating an interest rate just to be sure
something unexpected hasn’t happened.
Next week is extremely active in terms of the number of economic reports
scheduled for release and the importance of some of them. They include a
key reading of consumer spending and two important inflation readings in
addition to other data. None of the reports are scheduled for Monday
morning, so we can expect to see weekend news drive trading and investor
positioning ahead of the week’s events. Look for details on next week’s
activities in Sunday’s weekly preview, which will be fairly lengthy due
to the packed calendar of reports set for release during the week.
If I were considering financing/refinancing a home, I would.... Lock if
my closing was taking place within 7 days... Lock if my closing was
taking place between 8 and 20 days... Lock if my closing was taking place
between 21 and 60 days... Lock if my closing was taking place over 60
days from now...
|
Immediate approval payday loans are small term advances and can be used for more than just emergencies or daily needs. A small business plan held back for monetary reasons can be put into action through requesting loan from a no credit check loans lenders.
ReplyDeleteone hour cash loans
short term no fax payday loans
12 month installment loans bad credit