Mortgage and Lending with Southwest Funding

Next week is moderately busy with a handful of economic reports scheduled for release. None of them are due Monday, so expect the same of today's activity (bonds and rates driven by stock trading). The first data comes Tuesday morning, but it is arguably the least important report of the week. There are a couple of releases scheduled that due carry some significance, but they start the middle part of the week.

In addition to the economic reports, next week has two Treasury auctions that may influence bond trading enough to affect mortgage pricing. It is also somewhat of a holiday-shortened week with an early close Friday ahead of the Memorial Day weekend.

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