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Bond Market Update

Market Update

Thursday, April 18, 2019

What's going on and why does it matter?
Mortgage bonds opened flat today as they continue to hover below their 30-day moving average. The retail sales report beat market expectations to the upside across the board, while the initial jobless claims numbers declined from last week. This was the fifth straight week in which claims came out below the market consensus, which indicates growing strength in the US economy. In Europe and Japan, however, the latest economic numbers came out weaker, which is fueling continued concerns about global economic growth. The bond market closes early today and will be closed tomorrow for Good Friday.

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 Apr NY Fed Mfg Index Apr 3.70 6.70 10.10
Tue 16 Apr Industrial Production Mar 0.1% 0.2% -0.1%
Tue 16 Apr Capacity Utilization Mar 78.2% 79.1% 78.8%
Wed 17 Apr Wholesale Inventory Feb - 0.5% 0.2%
Wed 17 Apr Wholesale Sales Feb 0.5% 0.3% 0.3%
Thu 18 Apr Initial Jobless Claims Week of Apr 8 196k 205k 192k
Thu 18 Apr Retail Sales Mar -0.2% 0.9% 1.6%
Thu 18 Apr Business Inventories Feb 0.8% 0.4% 0.3%
Fri 19 Apr Building Permits Mar 1.291M 1.300M  
Fri 19 Apr Housing Starts Mar 1.162M 1.230M  

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


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