What will Rates do this week? Mortgage professionals are voting in our daily poll.
Mortgage rates are a nudge lower than they have been as the week starts out. Domestic data came out this morning higher than expected, however, the main influences in the market today were the equities markets and the oil prices. Stocks also took center stage, and the bonds followed suit. Bonds were strong today, despite factors t hat would have ordinarily sent them spiraling down. Corporate issuance and Fed rate hike rhetoric seemed to have little impact today. In the overnight hours, bonds didn't do much, but seeing as though Treasury yeilds came in at the best levels since the end of August, bonds are close to "unchanged". This week's calendar is full of data set to be released. Tomorrow we see the release of Consumer Confidence, Wednesday brings Employments Data, Thursday is Jobless claims, and Manufacturing Data, and Payroll data is set to come out Friday. Check back tomorrow to see what rates do next.
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Displaying rates for Mortgage Refinance in CA for $200,000
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