May 1st, 2017
What Is Going On With Interest Rates? #wigowir
Below is the news when it happened and the market’s reaction. For a full view of the day start at the bottom and work your way up. If want to know what just happened start at the top. All Times are Eastern Standard Time. When the price of Mortgage Backed Securities (MBS) goes down rates go up, and when the price goes up rates come down. Remember in the bond market Bad News is Good News and Good News is Bad news.
Mon, May 01 9:19 AM The April Jobs Report will be released on Friday where it is expected that employers added 180K new workers.
|Mon, May 01 9:18 AM This week features the 2-day FOMC meeting with the monetary policy statement being released at 2:00 p.m. ET on Wednesday.|
|Mon, May 01 9:09 AM WTI oil at $48.93/barrel, -$0.40.|
|Mon, May 01 9:08 AM U.S. dollar index 98.83, -0.06.|
|Mon, May 01 9:04 AM S&P futures higher after government shutdown averted.|
|Mon, May 01 9:03 AM 10-yr yield 2.29%.|
|Mon, May 01 8:54 AM MBS still unchanged after the data.|
|Mon, May 01 8:52 AM Personal Incomes in March 0.2% vs 0.3%, Personal Spending 0.0% vs 0.1%. February figures revised lower for both.|
|Mon, May 01 8:50 AM Mortgage Bonds open near unchanged to begin the new week and month.|
|Mon, May 01 8:50 AM Economic data showed Core PCE in March -0.1% vs 0.0%.|
Johnmarbury.com has attempted to verify the information contained on this post. However any aspect of such may change without notice. Johnmarbury.com does not provide investment advice and does not represent that any of the information or related analysis is accurate or complete at any time. On October 5th we started posting our rates and leaving them on the site for you to refer back to. This will allow you see where actual rates have been along with the news that caused the fluctuations on the rate sheet. I ask that you forgive my spelling and grammatical mistakes. This is due writing skills that are lacking and the need to communicate quickly. Most of the information posted on this blog along with the charts and indexes are available all during the day to the subscrbers of www.themortgagemarketguide.com The cost of subscription is very reasonable.