• © 2019 Momentifi. All Rights Reserved.

Bond Market Update

Market Update

Tuesday, July 16, 2019

What's going on and why does it matter?
Mortgage bond prices are declining this morning after the retail sales report came out stronger than market expectations. Also, the latest earnings results from JP Morgan and Goldman Sachs were better than expected, causing stock prices to improve at the expense of bonds. Even so, several risk factors remain, such as the lack of progress in US-China trade talks and the increasing prospect of the UK crashing out of the European Union with no Brexit deal.

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
Mon 15 Jul NY Fed Mfg Index Jul -8.60 2.00 4.30
Tue 16 Jul Retail Sales Jun 0.5% 0.1% 0.4%
Tue 16 Jul Industrial Production Jun 0.4% 0.1% 0.0%
Tue 16 Jul Capacity Utilization Jun 78.1% 78.1% 77.9%
Tue 16 Jul Business Inventories May 0.5% 0.4% 0.3%
Wed 17 Jul Building Permits Jun 1.299M 1.300M  
Wed 17 Jul Housing Starts Jun 1.269M 1.261M  
Thu 18 Jul Initial Jobless Claims Week of Jul 8 209k 215k  
Fri 19 Jul U of Mich Consumer Sent. Jul 98.2 98.6  

Julee Felsman

Julee Felsman
NMLS: 120831
Guaranteed Rate Inc | Workshop Mortgage Team
Corporate NMLS: 2611
(503) 799-3711
329 NE Couch St, Rm 328
Portland, Oregon 97232


THIS WEBSITE IS NOT A SOLICITATION FOR BUSINESS. ALL INFORMATION PROVIDED IN WEBSITE IS FOR INFORMATIONAL AND EDUCATIONAL PURPOSES ONLY, AND IN NO WAY IS ANY OF THE CONTENT CONTAINED HEREIN TO BE CONSTRUED AS FINANCIAL, INVESTMENT, OR LEGAL ADVICE OR INSTRUCTION. THERE IS NO GUARANTEE THE QUALITY, ACCURACY, COMPLETENESS OR TIMELINES OF THE INFORMATION ON THIS WEBSITE. WHILE EFFORTS ARE MADE TO VERIFY THE INFORMATION PROVIDED, THE INFORMATION SHOULD NOT BE ASSUMED TO BE ERROR FREE. THIS WEBSITE IN NO WAY REPRESENTS THE VIEWS OF GUARANTEED RATE, INC. Home Mortgage Alliance’s policy is to treat all applicants and borrowers in a fair and consistent manner and without regard to race, color, religion, national origin, age (provided the applicant or borrower has legal capacity to enter into a binding contract), sex, marital status, sexual orientation, gender identity, disability, familial status, receipt of public assistance, or exercise of rights under the Consumer Credit Protection Act, or any other prohibited basis identified under state law.