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for a FREE Custom Rate Quote
877-487-2562

Sunday, January 24, 2021
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Market Commentary

Updated on January 22, 2021 10:05:25 AM EST

Today’s only relevant economic data came from the National Association of Realtors at 10:00 AM ET. Their Existing Home Sales report for December showed that home resales rose 0.7% last month, exceeding forecasts. The increase brought annual sales to their highest level since 2006, showing that the housing sector remains one of the few bright spots in the economy. Accordingly, we should consider the data bad news for bonds and mortgage rates.

Next week has a large number of economic releases and other events scheduled that have the potential to affect mortgage rates. Some of the data being posted is considered to be very important to the markets. In addition to the large number of economic reports, we also have two moderately important Treasury auctions and the first FOMC meeting of the new year taking place. It will undoubtedly be an active week in the financial and mortgage markets. Monday is the only day that doesn’t have at least one item scheduled. Look for details on all of next week’s relevant activities in Sunday evening’s weekly preview.

 ©Mortgage Commentary 2021

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Dave Burson | Residential Mortgage Loan Originator
10534 Burke Lake Rd, Fairfax Station, VA 22039
Branch Location:
3045 Marina Bay Dr, #13201, League City, TX 77573

Call today - 1-877-487-2562
NMLS #s 339336 & 339845
www.nmlsconsumeraccess.org

Dave Burson | Residential Mortgage Loan Originator
10534 Burke Lake Rd, Fairfax Station, VA 22039
Branch Location:
3045 Marina Bay Dr, #13201, League City, TX 77573

Call today - 1-877-487-2562
NMLS #s 339336 & 339845
www.nmlsconsumeraccess.org