‚Äč Bond Market Update

Bond Market Update

Bond Market Update

Market Update

Friday, October 22, 2021

What's going on and why does it matter?
Mortgage bond prices are continuing to deteriorate while stocks remain at or near record highs despite mixed earnings and more data highlighting inflation and supply-chain risks. The bond market is also getting ready to absorb a large supply of government bonds scheduled to hit the market next week, which may pressure bond prices. The Fed is scheduled to purchase up to $5.833 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
Mon 18 Oct Industrial Production Sep 0.4% 0.2% -1.3%
Mon 18 Oct Capacity Utilization Sep 76.4% 76.5% 75.2% 
Tue 19 Oct Building Permits Sep 1.721M 1.680M 1.589M
Tue 19 Oct Housing Starts Sep 1.615M 1.620M 1.555M
Thu 21 Oct Initial Jobless Claims Week ending Oct. 16 293k 300k 290k
Thu 21 Oct Philly Fed Business Index Oct 30.7 25.0 23.8
Thu 21 Oct Existing-Home Sales Sep 5.88M 6.06M 6.29M