Saturday, September 22, 2018

Market Commentary

Updated on September 21, 2018 10:30:06 AM EDT

There is no relevant economic data or other mortgage rate-relevant activities scheduled for today. Accordingly, there is no reason to expect an active day for rates. As long as stocks remain near their current levels, bonds and mortgage pricing will likely follow suit.

Next week brings us the release of a handful of economic reports that have the potential to influence mortgage rates in addition to a couple of Treasury auctions. The major event of the week though will be the FOMC meeting and related events that will take place Wednesday. There is nothing of importance scheduled for Monday. Look for details on next week’s calendar in Sunday evening’s weekly preview.

 ©Mortgage Commentary 2018