Traders Want To Know How Banks are Doing
This week, rates should be moving somewhere with traders watching 3 things.
The first is these is Earnings Season reports.
Big Banks JP Morgan Chase, Bank of America and Citigroup are reporting quarterly earnings this week.  If balance sheets look healthy and markets are encouraged by the results, it could spark [...]

When Traders Are Skeptics, Mortgage Markets Win.

Mortgage markets improved last week on fresh concerns about the U.S. economy.
Data showed neither big strength or big weaknesses.   Since earnings season is about to start, traders decided to be defensive with their money and buried it in bonds.
As a result, mortgage rates fell in mixed trading last week.  [...]

The Market Matters

This week, there isn’t much new data due out.  General market momentum could push rates even lower.  In general, perceived weakness in the economy will be good for mortgage rates and strength will be bad.
However, there’s a wildcard.
The US Dollar and Mortgage Rates
This week, some of the world’s largest nations are expected [...]

It Was a Calm, Short, Holiday Week

Mortgage markets were relatively calm throughout last week’s holiday-shortened trading sessions.  After mortgage rates traded within a tight range between Monday and Wednesday, a weak jobs report helped move rates lower into the weekend.
For the second week in a row, mortgage rates ended the week lower than where they [...]