Monday Market Commentary

by Alex Stenback on May 31, 2005

Last Week
Rates slipped very slightly again last week on mostly bond market friendly news, though the Fed minutes released last week did hint at inflationary concerns.  All in all a quiet week, with most mortgages improving in price by 1/8-1/4 of a discount point.
This Week
Friday’s employment report will highlight a week filled with mostly second-tier data releases.  Unless we see big surprise in one of these numbers, things should be relatively quiet leading up to Friday’s employment report.
· This Weeks Economic Calendar [briefing.com]
· Latest Twin Cities Real Estate Market Activity [PDF-MAAR]

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