Rates should Hold this week for mortgages

This week’s data is expected to show us no surprises.We are paying much more attention to what the government’sinitiatives will be like as they unfold over the next several days and months. We are still expecting treasury prices to be hardpressed to make any significant improvements with all ourfunding needs. Mortgage rates are expected to remain withintheir recent range of about 5.0% to about 5.25%. THIS WEEK’S MARKET MOVERS Tues 2/17/09 8:30 Feb NY Empire State Index 9:00 Dec Net Foreign Purchases Wed 2/18/09 7:00 MBA Market Index 2/13 8:30 Jan Housing Starts 8:30 Jan Building Permits 8:30 Jan Import & Export Prices 9:15 Jan Capacity Utilization 9:15 Jan Industrial Production 10:35 Crude Inventories 2/13 2:00 FOMC Minutes (1/28) Thu 2/19/09 8:30 Weekly Jobless Claims 2/14 8:30 Jan PPI 10:00 Jan Leading Indicators 10:00 Feb Philly Fed Index Fri 2/20/09 8:30 Jan CPI