Here's your Daily Commentary report compliments of Jeff Drew and Star Mortgage!
There are five pieces of economic news that may affect mortgage rates this week. There are relevant reports scheduled for release every day except for tomorrow, meaning it likely will be a fairly active week for mortgage rates. Even though there is no relevant data being posted tomorrow, we will still likely see a change in mortgage rates due to Friday’s market movements that came as a result of news from overseas-particularly Dubai. Many lenders were closed or on a skeleton staff Friday, so we should see those improvements reflected in tomorrow’s rates.
November’s manufacturing index from the Institute for Supply Management (ISM) will kick off the week’s data at 10:00 AM ET Tuesday. This index measures manufacturer sentiment and can have a considerable impact on …
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©Mortgage Commentary 2009
Massachusetts mortgage applicants: Please note that this information reflects just one opinion on the current market and should be used for informational purposes only. Today’s mortgage market is very volatile and can change very quickly. www.JeffDrew.StarMortgage.com
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