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Mortgage Outlook for the Week of October 10th, 2011

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Mortgage Outlook for Week of October 10th, 2011While the bond / stock markets are closed today in observance of Columbus Day today (re-opening tomorrow), this week will bring three economic reports that are of interest to the mortgage market along with the minutes from the last FOMC meeting and two important Treasury auctions.

New Data Released This Week

On 2:00 PM ET Wednesday afternoon the Fed will releases the minutes from their last FOMC meeting. These minutes have the potential to move the market depending on their content. If the minutes are perceived to be positive, mortgage rates could move upward, if the minutes are perceived to be negative, mortgage rates have the potential to move lower.

On Thursday morning the Trade Balance report for august will be released, followed by the and Retail Sales data and Consumer Sentiment on Friday.

There are also two Treasury auctions this week, 10-year Note sales will be held Wednesday and 30-year Bonds will be sold Thursday.

Economic Calendar for Week of October 10th, 2011

  • Monday – US Holiday: Observance of Columbus Day
  • Tuesday – none
  • Wednesday – FOMC Minutes released
  • Thursday – Jobless Claims, International Trade, Treasury Budget
  • Friday – Retail Sales, Consumer Sentiment

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