October 26th, 2009 6:41 PM

This week should be an exciting week! 

 

There are several economic reports and treasury auctions in the bond market that could affect the market, beginning on Tuesday.  These events can cause rate fluctuations and it's a very good idea to keep an eye on the market in a time like this. 

 

Tuesday:  Case Schiller HPI, Consumer Confidence- a highly visible report.

 

Wednesday: Durable Goods Orders Report and New Homes Sales- both very important reports.

 

Thursday: GDP Report (can have major market effects), Jobless Report, and the Treasury Auctions.

 

Friday: Personal Income and Outlays, Employment Cost Index, Chicago PMI (Purchasing Manager Index), and Consumer Index.

 

So as you can see, this should be a very active week for the markets and the mortgage rates.  If you are locking your loan, make sure you call your loan officer to check on the market happenings before locking your rates.

 

Thanks, and until next week!   

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