Mortgage Markets Quiet
2 April 2007
Mortage Market Outlook: Float
Today mortgage rates are relatively unchanged, with no significant news.
The Institute for Supply Management (ISM) released their manufacturing index today, slightly weaker than expected.  This is good news for mortgage rates, but not strong enough an indicator to move the market.
The next significant financial report will be February Factory Orders, due out Wednesday. Unless this comes in significantly weaker, it will probably not move markets.
On Friday we will get the most important data of the week, March Employment report. If unemployment for March comes in weaker than expected we could see the bonds rally and mortgage rates drop.
No comments yet