Reports to Watch
The week is full of key economic data from a variety of sectors.
- Economic data kicks off on Monday with the release of first quarter Productivity and the ISM Services Index.
- The only other economic report will be Thursday’s weekly Initial Jobless Claims.
For the most part, we all know that Stocks and Bonds usually trade in opposite directions. Yes, at times they may trade in tandem, but not very often. On weeks where there is little data to base trades on, investors have to make decisions as to where to invest their hard earned dollars.
Stocks are near all-time highs while Mortgage Bond prices are at six-month highs, and mortgage rates are at the lows seen in November 2016.
We don’t have a crystal ball, but we feel with the continued buying of Mortgage Backed Securities from the New York Federal Reserve and low inflation, mortgage rates will continue to remain low.
But that doesn’t mean that there won’t be bumps along the road. As always, be sure to stay tuned to the Mortgage Market Guide as we guide you through the ups and downs of the capital markets and mortgage rates.
For more detailed information and insight, view the Economic Calendar, the Daily Market Update and Guidance, and our exclusive Market News. And don’t forget, you can easily download the Economic Calendar to your Outlook Calendar to make sure you don’t miss important economic releases. Just click here to read instructions for downloading to Outlook.