‚Äč Bond Market Update

Bond Market Update

Bond Market Update

Market Update

Tuesday, January 25, 2022

What's going on and why does it matter?
Mortgage bonds opened flat today and they are hitting stiff resistance at their 10-day moving average. Today could be another volatile trading session because the same factors that drove yesterday's wild market swings remain very much on the market's radar, specifically: rising inflation, the likely removal of the Federal Reserve's pandemic-era stimulus programs, and rising geopolitical tensions associated with the Russian military buildup outside of Ukraine. On today's economic calendar, the consumer confidence report is scheduled to come out later this morning. The Fed is scheduled to purchase up to $3.353 billion of mortgage bonds today.

What should you do about it?
Lock your rate to be safe.

Economic Calendar

Economic reports that may impact mortgage rates this week:
Date Report Period Prior Est. Actual
Tue 25 Jan Consumer Confidence Jan 115.8 111.8 113.8
Wed 26 Jan New Home Sales - Units Dec 744k 760k  
Wed 26 Jan Fed Funds Target Rate - 0-0.25% 0-0.25%  
Thu 27 Jan Durable Goods Dec 2.6% -0.5%  
Thu 27 Jan GDP Advance Q4 2021 2.3% 5.4%  
Thu 27 Jan Core PCE Prices Advance Q4 2021 4.6% 4.9%  
Thu 27 Jan Initial Jobless Claims Week ending Jan 22 286k 255k  
Thu 27 Jan Pending Home Sales Change Dec -2.2% 0.3%  
Fri 28 Jan Personal Income Dec 0.4% 0.5%  
Fri 28 Jan Core PCE Price Index Dec 0.5% 0.5%  
Fri 28 Jan U of Mich. Consumer Sent. final Jan 68.8 68.6