Monday Market Commentary

by Alex Stenback on December 18, 2006

Dec18_2006
                                                         Graphic Courtesy MSNBC
Last Week
A bit of a bouncy ride for mortgage rates, though the week ended virtually unchanged.  The consumer price index snapped neatly into line with market hopes for tame or non-existent inflation, while retail sales surprised many to the upside.  Goldilocks (not too hot, not too cool) is what we’ve got.  At least last week.
This Week
A very full week of economic data for the market to digest.  Fed fave inflation measure PCE (personal consumption expenditure) and the Producer Price Index should garner most of the attention this week, though any suprises in the Philadelphia Fed Index (measures manufacturing strength) or GDP could send the market gyrating.

This week’s economic calendar on the other side of the link below.

Click Graphic For Larger Image [Source: mortgagemarketguide.com]

Dec_18th

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