Market Insider

Mortgage and Lending with Senior Loan Officer at US Bank Home Mortgage NMLS # 273204


Market Insider

This week's  Treasury auctions and increasing re-curing concerns about Greece's debt along with the performance in US equities should set up a more volatile week. Another attempt that fails to push the 10 yr note lower in rate this week will do serious damage to the outlook that rates may trend lower. Economic data won't be much help this week with weekly claims, durable goods orders for April and April personal income and spending about all there is. The constantly developing debt problems in Europe, its impact on the dollar/euro, and what appears to be a weakening equity market; all these will play momentary acts through the week. Our technical work remains slightly bullish but is losing ground quickly; unless the 10 yr note moves below 3.10% this week rate markets are likely to begin increasing somewhat.

Comments (1)

John Saari
Worcester, MA
"The Mortgage Buddy"

Nice post. Market futures are down and I think it's going to be another down week for the market.

May 22, 2011 02:20 PM