Monday Market Commentary

by Alex Stenback on August 22, 2005

                                                  Graphic Courtesy of MSNBC
Last Week
Mortgage prices fell a bit last week, putting some mild upward pressure on rates.  It was a volatile week: The bond market rallied on favorable consumer price data, only to give the gains right back following the producer price release the next day.  On top of that, the threat of inflation caused by record high oil prices has top of mind position for most market watchers.
This Week
On the calendar, durable goods orders, new home prices, and a treasury auction of 2 year notes highlight a rather thin week calendar-wise.  As always, there are many factors that can cause rate volatility outside the economic calendar, so a light schedule of data releases does not always mean we can rest easy.
This Week’s Economic Calendar []
Latest Twin Cities Real Estate Market Report [pdf via MAAR]

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