•Friday’s mortgage rates should be lower by approximately .125 - .250 of a discount point if comparing to Thursday’s morning pricing. The bond market is currently up 4/32 (0.65%).
•Stocks are mixed with the Dow down 75 points and the Nasdaq up 12 points.
•August's Durable Goods Orders report was posted at 8:30 AM ET this morning, revealing a 0.4% rise in new orders at U.S. factories for big-ticket products such airplanes, appliances and electronics. This was well below expectations of a 1.2% increase, indicating the manufacturing sector was not as strong as thought last month.
•Next week has plenty scheduled that is expected to influence mortgage rates, some of it more than others. The week starts off light and gets more active as it progresses, leading up to the release of two major economic reports the latter days.
•We also have several Fed speaking engagements to watch that may come into play. Throw in the first Presidential debate of the election and we have the makings for a very interesting week.
•Look for details on all of next week’s activities in Sunday evening’s weekly preview.
•Visit our Daily Commentary page on our site for detailed explanations on current mortgage rate relevant news.
Would you like to receive the commentary
on a daily or weekly basis?
Daily will send a copy Monday - Sunday.
Weekly will send only Sunday's weekly overview/preview.
Please be assured that we will not
share your email address with ANYONE. Just fill out the form below!!