Simi Valley Rate Advisory, Home Loans
By Paul Lefton, Simi Valley Home Loans
(Core Financial Soultions, Inc)
Monday's bond market has opened fairly flat despite sizable stock market losses. The major stock indexes are showing early weakness with the Dow down 60 points and the Nasdaq down 10 points. The bond market is currently down 2/32, which will likely push this morning's mortgage rates higher by approximately .125 of a discount point.There is no relevant economic news scheduled for release today. The rest of the week brings us the release of five economic reports that are of interest to the mortgage market. This week also begins the rush of quarterly earnings releases for companies, which could cause significant movement in the stock markets. The earnings results could affect bond trading as investors move funds into stocks if the reports are good. The other possibility is that the earning...
Comments
0