Mortgage Commentary 10/23

Mortgage and Lending with EverGreen Mortgage and Financial

This is going to be a moderately busy week in the financial and mortgage markets. There is not a great deal of economic news scheduled for release in the week, so the stock markets and investor appetite for stocks compared to safety of bonds will likely be the biggest influence on mortgage rates. The Treasury auction is Thursday, when 5-year Notes will be sold. Thi s will help gauge investor interest in bonds and could lead to a bond rally or selling. The most important day of the week is Thursday due to the Durable Goods Orders release and the Treasury sale.

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