week ahead: This Is The Week Ahead for January 31st
- 01/31/10 03:13 PM
If last week didn't have your head spinning from the FOMC meeting, the first State of the Union Speech by President Obama and mixed remarks from Barney Frank, then this week should be right up your alley. Monday's first economic report will be the January's Personal Income and Outlays. Not only do the experts expect an increase in consumer's ability to spend, but they also expect current spending to rise both by 0.3%. Also on slate for tomorrow is January's Institute of Supply Management (ISM) Manufacturing Index. As one of the earliest pieces of economic data released each month, expectations are … (3 comments)
week ahead: This Is The Week Ahead for January 3rd
- 01/03/10 03:53 PM
2009 ended on extreme volatility for mortgage rates and mirrored the broader market throughout the year. Although home loan rates fell to the lowest rates ever in 2009, mortgage rates have trended upward since mid-November. There is much anticipation for higher rates ahead as the Federal Reserve begins to back out of the purchase of mortgage backed securities at the end of the 1st quarter. So what's in store for the first trading week of the 2010? Monday's first economic report will be the December's Institute of Supply Management (ISM) Manufacturing Index. It is anticipated for a reading of 54.0 which … (2 comments)
week ahead: This Is The Week Ahead for December 27th
- 12/27/09 03:33 PM
Tis the season of giving and last week proved just that as mortgage bond traders gave back the remainder of their gains going back as far as August. This meant that home loan shoppers felt their Christmas bliss get snatched from under their feet as the Grinch had made his presence known the entire week. Just like last week, Monday will start with mortgage bonds taking a back seat to the holiday fervor of the stock market as there are no scheduled economic reports. There is sure to be much talk about the terrorist activity on holiday travel and it's impact … (2 comments)
week ahead: This Is The Week Ahead for December 20th
- 12/20/09 03:39 PM
"It's beginning to look a lot like Christmas..." Another holiday shortened week will add to greater volatility as Santa and the Grinch try to impart their ways onto home loan shoppers. Monday will start with mortgage bonds taking a back seat to the holiday whims of stocks as there are no scheduled economic reports. With the release of November's Existing Home Sales on Tuesday, Realtors throughout the country will want to add their opinion on the health of the housing market. The overall economy will also be scrutinized as Third Quarter Gross Domestic Product (GDP) will be released. Wednesday has the potential … (0 comments)
week ahead: This Is The Week Ahead for December 13th
- 12/13/09 04:41 PM
This week has plenty of economic reports in addition to the last meeting for the Federal Open Market Committee (FOMC). With no economic reports on Monday, all attention will be around the Dubai bailout and the new legislation awaiting President Obama's signature. On Tuesday, all eyes will be on the November's Producer Price Index which measures inflationary pressure at the producer level. It's not a matter if there will be inflation but how much. Looking for 0.8% rise overall and 0.2% rise at the core (less food and energy prices). Also scheduled for release will be November's Industrial Production, Capacity Utilization and … (2 comments)
week ahead: This Is The Week Ahead for December 6th
- 12/06/09 02:40 PM
Before we discuss this coming week, let's reflect on last weeks big news. According to Friday's release of the November Employment report that jobs are making a comeback. There is still some apprehension as many want to see if this is just to to the seasonal holiday employment or if the jobs are long-term in nature. Mortgage rates suffered a set back every day last week and home shoppers should be aware that mortgage rates rose by 0.250% - 0.375% on average by the end of the week. Will it continue this week? This week has little news compared to the … (0 comments)
week ahead: This Is The Week Ahead for November 29th
- 11/29/09 02:50 PM
Thanksgiving holiday weekend is coming to an end and now it is time to get back to work. Even though Cyber Monday will be a major distraction as workers try to capture deals they missed out on Black Friday, many in the financial markets will be keeping an eye out on this week's economic reports. The first major report will be the Institute for Supply Management (ISM) Index on Tuesday morning. This index provides manufacturer sentiment on how the economy will perform. On Wednesday, the Fed Beige Book will be released. There should be no surprises on it's release at 2:00 PM, EST. The … (4 comments)
week ahead: This Is The Week Ahead for November 22nd
- 11/22/09 02:25 PM
The holiday feeling is stirring in the air and in shopping centers everywhere. Due to another holiday shortened week, there will be plenty of economic reports and news events that will keep home shoppers on the edge of their seat. Monday will start with October's Existing Home Sales and expectations are for signs of more improvement as this will reflect all the completed purchases that went under contract back in June and July. All eyes on Tuesday will be on the revision to 3rd Quarter Gross Domestic Product (GDP). Initially reported at a blistering 3.5% growth rate, it is expected that … (0 comments)
week ahead: This Is The Week Ahead for November 15th
- 11/15/09 01:54 PM
Veterans Day has come and past and now everyone is looking towards the holiday shopping season as a leading indicator on the health of the economy. The first report of the week will be October's Retail Sales due to be released early Monday morning. This is an extremely important report as it tells the story of consumer spending, which makes up two-thirds of the US economy. On Tuesday, the key reports shift away from the consumer and to the health of producers and manufactures. The first report will be October's Producer Price Index (PPI) and gives a sneek peek into inflationary pressure at the producer … (4 comments)
week ahead: This Is The Week Ahead for November 8th
- 11/08/09 02:58 PM
This week is light on the economic reports but another record amount of treasury auctions will definitely keep the holiday-shortened week exciting. This week will include $40 billion in 3-years, $25 billion in 10-years and $16 billion in 30-years. It will be extremely important to keep an eye on how the treasury auctions are received especially by foreign investors on the longer term maturities as it will impact mortgage rates. With Veterans Day being celebrated on Wednesday, much of the reaction in mortgage bonds and to home loan shoppers will be impacted by headlines of the stock market and recent passage … (4 comments)
week ahead: This Is The Week Ahead for November 1st
- 11/01/09 02:30 PM
The week ahead has several economic reports that could provide direction for mortgage rates for several weeks to come. In addition to the monthly economic reports scheduled to be released this week, the Federal Open Market Committee will also be meeting. The Institute for Supply Management (ISM) will post their manufacturing index on late Monday morning. This index is important as it provides a gauge on manufacturing strength. The second report of the week will come on Tuesday when September Factory Orders will be released. The outcome of the news is not as significant as the ISM Index. Although the FOMC will begin … (0 comments)
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If last week didn't have your head spinning from the FOMC meeting, the first State of the Union Speech by President Obama and mixed remarks from Barney Frank, then this week should be right up your alley.
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