May 14, 2018Last week saw little movement in mortgage rates. Bonds and mortgages traded throughout the week within a very tight range, showing almost no volatility.Economic releases this week
Market Commentary January 16
Jan 16, 2018
Last week mortgage rates rose as equities showed no signs of slowing down the rally that they started with in the new year.
This week is a shortened week with the holiday on Monday, and there is not much noteworthy on the economic calendar. Thursday’s big news is China’s big monthly data dump. China will be releasing Q4 GDP, along with December retail sales, industrial production, and fixed asset investment data. Japan will also finalize November industrial production data. Friday marks the deadline for the US government shutdown, although the consensus remains that Congress will pass another four-week continuing resolution to hammer out a comprehensive budget agreement, but the risk of a government shutdown is not negligible.
Economic Calendar for the week of 01/16/2018 to 01/19/2018:
Tuesday: Empire Manufacturing
Wednesday: MBA Mortgage Applications, Industrial Production, Capacity Utilization,
Thursday: Housing Starts, Philadelphia Fed Business Outlook, Initial Jobless Claims, Continuing Claims, and Bloomberg Consumer Comfort Index
Friday:University of Michigan Consumer Sentiment