Update From PJ's Desk

Last week the mortgage pricing was hit when there was extended selling in the bonds and the mortgage rates were hit.

For this coming week the calendar is pretty light in the beginning of the week, with bond auctions in the middle of the week and more relevant data coming out on Thursday and Friday.

On Monday Fed Chairman Bernanke is speaking to the Economic Club of Washington, D.C.

Tuesday there is the Redbook, Wednesday there is the MBA Applications, and Thursday is the Jobless Claims and thee October Goods and Services Trade Balance Report.

On Friday there is the Retail Sales, Consumer Sentiment and Business Inventories. Friday's reports are closely watched, and could affect the markets.

The 2 important Treasury actions - with 10-year Notes scheduled for Wednesday and 30 year bond auctions scheduled for Thursday -depending on the demand - it could either hurt or boost the financial markets.

Contact your mortgage professional to get updated current mortgage pricing.

Until next week...