Monday Market Commentary

by Alex Stenback on June 13, 2005

Last Week
Comments from Fed Chair Greenspan suggested that the Fed will continue to tighten rates until long term rates begin to rise accordingly.  This reversed the growing sentiment that, based on some anemic economic data, the Fed might be done hiking rates – as a result, mortgage rates rose slightly last week.
This Week
Producer and Consumer Price Indices, due for release Tuesday and Wednesday respectively, highlight this week’s rather full calendar – we expect some choppy trading activity now that the Fed has tried to re-calibrate market expectations.  From a risk perspective – probably not the best week to "float" your rate if you need to close within the next 30-45 days.
· This Week’s Economic Calendar [Briefing.com]
· Latest Twin Cities Real Estate Market Report [MAAR.pdf]

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