Moore Mortgage Solutions

    This week there are six economic reports coming out-all Wednesday to Friday. That makes for a pretty tame beginning of the week as long as investors don’t start putting their money into stock and taking it out of bonds.

    Three of those six reports are of moderate to high importance to the markets:

• The sale of the 5-year Treasury bond will take place on Thursday which will tell us how interested investors are in bonds by either selling or buying them.
• The Durable Good Orders which is a measure of orders placed domestic manufacturers for immediate and future orders of factory products. This tells us how committed companies are on investing capital on the future growth of their companies. A durable good is one that lasts over 3 years.
• The September’s Existing Housing Sales and September’s New Home Sales will come out Wednesday and Thursday, respectively. They will give us an indication of how strong the housing sector is and what the mortgage credit demand is. If these reports vary greatly from what the analysts’ forecasted, we could see a change in mortgage pricing.

    Remember as money moves into bonds, mortgage interest rates float down. If money flows out of bonds, mortgage interest rates float up.

    If there are any major changes in the market, I will be sure to update.

    Until then, make every day an inspired day!

Betsy Moore

betsy@mooremortgagesolutions.com