After three consecutive months of decline, the S and P Case-Shiller 20-City Composite Index remained nearly unchanged in February. Year-over-year home prices rose by 12.90 percent in February as compared to 13.20 percent in January.
There is limited economic data set for release during the holiday shortened week. After last weeks fireworks following the better than expected GDP and Non-Farm Payroll numbers, this week forecasts to be uneventful. The biggest focal points for the bond market will be the 10 year and 30 year US Treasury auctions on Wed and Thursday as well as Weekly Initial Jobless Claims. Finally we have scheduled speeches by Bernanke and probable future Fed Chairman Yellen later in the week. For current mortgage rates visit our Interest Rate Quote portal.
What is on the agenda for this week?
|Date||Time (ET)||Economic Release||Actual||Market Expects||Prior|
|13-Nov||7:00 AM||MBA Mortgage Index||–||NA||-7.00%|
|13-Nov||8:30 AM||Export Prices ex-ag.||–||NA||0.30%|
|13-Nov||8:30 AM||Import Prices ex-oil||–||NA||0.10%|
|13-Nov||2:00 PM||Treasury Budget||–||NA||-$120.0B|
|14-Nov||8:30 AM||Initial Claims||–||330K||336K|
|14-Nov||8:30 AM||Continuing Claims||–||2862K||2868K|
|14-Nov||8:30 AM||Trade Balance||–||-$39.1B||-$38.8B|
|14-Nov||8:30 AM||Unit Labor Costs||–||0.80%||0.00%|
|14-Nov||10:30 AM||Natural Gas Inventories||–||NA||35 bcf|
|14-Nov||11:00 AM||Crude Inventories||–||NA||1.577M|
|15-Nov||8:30 AM||Empire Manufacturing||–||4.3||1.5|
|15-Nov||9:15 AM||Industrial Production||–||0.10%||0.60%|
|15-Nov||9:15 AM||Capacity Utilization||–||78.30%||78.30%|
|15-Nov||10:00 AM||Wholesale Inventories||–||0.30%||0.50%|