Bond Market Update
Tuesday, September 27, 2022What'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 reports that may impact mortgage rates this week:
|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|