Mortgage Market and Rate Direction for week of 6/13/11

This week is PACKED with market driving news releases and should prove to be significant in making a larger move than typical, in both good or bad direction, depending on the data.
The releases for this week are as follows...

1. CPI
2. Retail sales
3. PPI
4. Business Inventories
5. NAHB Housing
6. Empire Manufacturing
7. Capacity Utilization
8. Building Permits
9. Philly Fed
10. Michigan Sentiment

Probably the biggest 3 divers in this group are the CPI, PPI and Retail sales numbers BUT lets face it we are in strange waters right now and there is a lot of emotion and fear still driving the markets so dont get caught up in those alone. If Michigan Sentiment comes out weak or strong that could make a strong signal as well and Building permits can do the same.

Since none of this starts until tomorrow I think we will see today's trading in a fairly tight window awaiting the rest of the weeks potential storms. FNMA 4.0 Coupon in the 100.75 - 101.00 area. 10Y yields in the 2.95-2.97% area.

Stay positive, regardless of direction of rates, people still need housing and prices are EXCELLENT and affordability still at 50 year highs! 

If you have questions on rates. markets, investment property investing/strategy, or are looking to buy a home or refinance the one you already own in Colorado please feel free to call or email me.



David Shamansky
US Mortgages
8 Inverness Dr E Suite 260
Englewood, CO 80112
720-524-8020
NMLS#245170
Equal hosuing lender
* above commentary is my own and does not guarantee any rate or market direction. It is based from news and data both in the US and globally as well as what is pending to watch for.