September 8, 2017 | Today's Market

MBS are down -2/32 (FNMA 30-yr 3.5 at 103.27), close to morning levels. No economic data was released today. The Dow is up 10 points. For the week, MBS rose about 12/32.

Looking ahead, the JOLTS report, which measures job openings and labor turnover rates, will be released on Tuesday. The Consumer Price Index (CPI) will come out on Thursday. CPI is a widely followed monthly inflation report that looks at the price change for goods and services which are purchased by consumers. Retail Sales will be released on Friday. Consumer spending accounts for about 70% of economic activity in the U.S., and the retail sales data is a key indicator. In addition, there will be Treasury auctions on Monday, Tuesday, and Wednesday. Headlines about the debt ceiling also could cause volatility in mortgage rates again.

June 20, 2017 | Today's Market

Today, mortgage-backed securities (MBS) were up +6/32. Some favorable repricing was seen.

Though no economic data was released today, the National Association of Realtors Monthly is releasing the Existing Home Sales Index report tomorrow (6/21/2017) at around 7:00 PDT, which indicates the number of existing homes sold. The report can predict the future national mortgage origination volume.

The day after (6/22/2017), the Employment and Training Administration of the Department of Labor is releasing Jobless Claims. When unemployment goes low enough, there is a possibility that it can put wage pressure on the economy, increasing in interest rates.