Monday Market Commentary

by Alex Stenback on August 15, 2005

Mortgage_rate_081105gifhmedium
                                                     Graphic Courtesy of MSNBC
Last Week
Mortgage rates slipped a little last week (though they have not retraced to previous lows.) An unexpectedly strong demand for 10 year treasury notes (demand pushes prices up, and rates down) and weak retail sales data gave the mortgage bond markets excuse for a bit of a rally, which resulted in slighty lower rates (at least for the week) by the end of the day Friday.
This Week
Consumer and Producer Price Indices highlight this week’s full calendar – both measure inflation [low/no inflation = good for rates, Inflation = bad for rates].  Housing starts, capacity utilization, and leading economic indicators all bear watching.  As always, if any of these figures come in above or below expectations, interest rate volatility often results.
This Week’s Economic Calendar [briefing.com]
Latest Twin Cities Real Estate Market Report [pdf via MAAR]

Leave a Comment

 

Previous post:

Next post: