Currently up 22 bps for the morning session, we’re seeing a little bounce back from yesterday’s losses. It’s still early so, I wouldn’t expect mortgage rates to open lower today, however, today is JAM PACKED with reports, and that could sway MBS in several directions.
Here’s what’s on the menu for today:
- Personal Consumption Expenditures and Core PCE
- Personal Income
- Personal Spending
- New Home Sales Nov
- Consumer Sentiment Index (UoM)
- Crude Inventories
We can’t stress enough how important it is to work with a mortgage professional that has a finger on the pulse of what is going on and how it affects YOUR WALLET.
Stay tuned for any updates- I’m sure there will be several today.
