‚Äč Bond Market Update

Bond Market Update

Bond Market Update

Market Update

Tuesday, September 27, 2022

What's going on and why does it matter?
Mortgage bonds opened sharply higher this morning as the bond market attempts to rebound from its recent sell-off. On today's economic calendar, the durable goods report beat market expectations and the consumer confidence report is due out later this morning. A few Fed policymakers are scheduled to give speeches today.

What should you do about it?
Watch and see if mortgage pricing can improve, but be prepared to lock your rate if mortgage bonds resume their downward slide.

Economic Calendar

Economic reports that may impact mortgage rates this week:
Date Report Period Prior Est. Actual
Tue 27 Sep Durable Goods Aug -0.1% -0.4% -0.2%
Tue 27 Sep Consumer Confidence Sep 103.2 104.0 108.0
Tue 27 Sep New Home Sales Aug 511k 500k 685k
Wed 28 Sep Pending Home Sales change Aug -1.0% -1.0%  
Thu 29 Sep GDP final Q2 2022 -0.6% -0.6%  
Thu 29 Sep Core PCE Prices final Q2 2022 4.4% 4.4%  
Thu 29 Sep Initial Jobless Claims Week ending Sep 24 213k 215k  
Fri 30 Sep Personal Income Aug 0.2% 0.3%  
Fri 30 Sep Core PCE Price Index Aug 0.1% 0.4%  
Fri 30 Sep Chicago PMI Sep 52.2 52.0  
Fri 30 Sep U of Mich. Consumer Sent. Sep 59.5 59.5