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Mortgage Rates This Week

What's Ahead For Mortgage Rates This Week - September 9, 2013Mortgage rates are starting the week lower with continued improvement due to Friday’s disappointing jobs numbers. Prior to Friday’s jobs report, mortgage rates were trending higher and on Thursday reached their highest levels in two years. Not only was Friday’s month number worse than most economists expected, but previous monthly reports were revised worse as well. This is putting doubt into the theory that the Fed will begin it’s taper at the next September meeting.

Fridays report coupled with the uncertainty in Syria has put mortgage bonds in a position for continued improvement which would result in slightly lower mortgage rates. A full plate of economic data will be released later this week including retails sales and the Producer Price Index on Friday.

On the agenda for this week

DateTime (ET)Economic ReleaseActualMarket ExpectsPrior
9-Sep3:00 PMConsumer Credit$13.0B$13.8B
10-Sep10:00 AMJOLTS – Job OpeningsNA3.936M
11-Sep7:00 AMMBA Mortgage IndexNA1.30%
11-Sep10:00 AMWholesale Inventories0.20%-0.20%
11-Sep10:30 AMCrude InventoriesNA-1.836M
12-Sep8:30 AMInitial Claims327K323K
12-Sep8:30 AMContinuing Claims2975K2951K
12-Sep8:30 AMExport Prices ex-ag.NA0.00%
12-Sep8:30 AMImport Prices ex-oilNA-0.40%
12-Sep10:30 AMNatural Gas InventoriesNA58 bcf
12-Sep2:00 PMTreasury BudgetNA-$190.5B
13-Sep8:30 AMRetail Sales0.40%0.20%
13-Sep8:30 AMRetail Sales ex-auto0.30%0.50%
13-Sep8:30 AMPPI0.20%0.00%
13-Sep8:30 AMCore PPI0.10%0.10%
13-Sep9:55 AMMich Sentiment8282.1
13-Sep10:00 AMBusiness Inventories0.30%0.00%

 

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