Last Updated: 11/05/2007

This week is very light in terms of economic releases for the markets to digest, especially compared to last week. There are two monthly and one quarterly reports on tap, but only the quarterly one can be considered to be highly important. This makes it quite likely that we will see a fairly quiet week in the mortgage markets, assuming that the stock markets do not repeat last week's volatility. The first piece of data scheduled for release comes Wednesday morning with the release of the 3rd Quarter Productivity report. The productivity index is expected to show a level of worker productivity during the third quarter similar to last quarter's final reading of 3.1%. This would be good news for the bond market because high levels of productivity helps the economy to expand without inflationary pressures being a concern.