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Consumer Confidence Out at 10 EST
This report surveys consumers throughout the country on their attitudes of the present and future outlook of the US economy, as this is a pretty important influence on bond and stock markets. We are estimated to come in at 53, higher than the previous 49.5. The 5 Year Note Auction ($42B in MBS) will begin at 1 EST as well. If the CC report comes out to the estimated value, you may expect mortgage rates to have an initial knee-jerk reaction and jump a tad higher, so be on the lookout. Tags: Consumer Confidence, stock market, us economy | Category: Mortgage Insights | |
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Tommy (NMLS #220122) is an active loan officer with AmCap Mortgage. You can also find Tommy on Twitter laying down the law in mortgages and other things that makes the wheels turn. |
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Currently up around 9 bp, we have the Consumer Confidence report coming out here in the next 30 minutes.
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