MondayTuesday Market Commentary

by Alex Stenback on April 3, 2007

Rates_april_207
                                                         Graphic Courtesy MSNBC
Last Week
Despite inflation that has been a little higher than the Fed wants it, and an economy that seems to be holding its ground, mortgage rates are still ticking the lower end of their range so far in 2007.
This Week
With persistent inlfation out there, and the cyclical pressures of spring selling season soon to press the market, one might expect rates to jump at any moment.  Friday’s employment report looms large on this weeks economic calendar – a weak report may help rates move lower, and a strong report (or upward revisions of previous reports, which have been de rigueur lately) could spike rates.

· See This Week’s Economic Calendar After the Jump:

Econ_calendar_april_2

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