Monday Market Commentary

by Alex Stenback on July 11, 2005

Cityscape Photo by Twin Cities photoblogger Andy Cosgrove

Last Week
A ‘goldilocks’ jobs report and some short lived flight-to-quality action after London was not enough to keep the mortgage bond market from losing some ground.  Most mortgages finished the week up very slightly, adding about 1/4 discount point for a given rate.
This Week
A fairly full slate this week on the economic calendar. The consumer and producer price indices, due for release Thursday and Friday respectively, have the largest potential to move the market this week. Trade Data, retail sales, industrial production, and capacity utilization figures also bear watching however.  Like we said, a full slate.
Blog note: 
We’ve (at long last) updated the Mortgage and Financial blogs list on the right sidebar with some of the better blogs relating to the mortgage market, as well as a couple of more general ‘economy and markets’ blogs.  Stop by and check them out, and be sure to share if you know of any others we should be including.

· This Week’s Economic Calendar [briefing.com]
· Latest Twin Cities Real Estate Market Report [MAAR - pdf]

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