Bonds Flat, Possibly a Quiet Week for Rates

Bonds opened flat Monday on no economic news. Rates should increase by .25 to price today on Thursday afternoon weakness. This week could be likely a quiet week without much volatility. There is not much news on deck for the market to digest, but corporate earnings and the stock market could throw us back into volatility. On Thursdays we always get weekly Unemployment reports. These reports are usually so minor in their impact on the bond market that they are not mentioned. However this week there may be some impact as claims have now exceeded the 400,000 mark.

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Mortgage Rate Watch

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Choppy Waters for Mortgage Rates

Not a lot of mortgage rate impacting news this week, but Presidential elections always do surprising things to markets.

National Rates

Loan Type Today
30 Year Fixed   5.62
15 Year Fixed   5.47
5/1 Adjustable   5.85

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