Call Us Today
for a FREE Custom Rate Quote
877-487-2562

Call Us Today
for a FREE Custom Rate Quote
877-487-2562

Saturday, October 19, 2019
|

Market Commentary

Updated on October 18, 2019 10:20:32 AM EDT

Today’s only economic data was Septembers Leading Economic Indicators (LEI) at 10:00 AM ET. The Conference Board announced a 0.1% decline in the index when analysts were expecting to see a slight increase. The weaker reading is good news for bonds and mortgage rates since this index attempts to predict future economic growth. However, it is not considered to be a highly important report and has had a minimal impact on this morning’s rates.

Next week has several economic reports that we will be watching in addition to a couple of Treasury auctions. One of the reports is more important than the others but comes late in the week. There is nothing of importance set for Monday, meaning we can expect weekend news and possibly stock movement to drive bond trading and mortgage rates as the new week begins. Look for details on all of next week’s activities in Sunday evening’s weekly preview.

 ©Mortgage Commentary 2019

Print  

Dave Burson | Residential Mortgage Loan Originator
10534 Burke Lake Rd, Fairfax Station, VA 22039
Branch Location:
3045 Marina Bay Dr, #1313, League City, TX 77573

Call today - 1-877-487-2562
NMLS #s 339336 & 339845

Dave Burson | Residential Mortgage Loan Originator
10534 Burke Lake Rd, Fairfax Station, VA 22039
Branch Location:
3045 Marina Bay Dr, #1313, League City, TX 77573

Call today - 1-877-487-2562
NMLS #s 339336 & 339845