Real Estate Washington DC,Maryland, Virginia

Your real estate questions, ask and expect answers.
Welcome to Real Estate Washington DC,Maryland, Virginia Sign in | Help
 

John Norton

Next Week

Market Comment

Mortgage bond prices finished last week lower pushing mortgage interest rates considerably higher. The Federal bailout plan along with an unexpected Fed rate cut dominated almost all headlines as uncertainty loomed and the liquidity crisis continued. Fear gripped the markets, which caused many investors to exit stocks and bonds to head for cash positions. Trading in the financial markets was extremely volatile. The only bright light appeared to be a precipitous decline in oil prices. For the week, interest rates on government and conventional loans rose by over a full discount point.

The consumer price index Thursday will be the most important data release this week. The financial markets remain volatile as traders digest the bailout developments. Expect the up and down trading pattern to continue.

LOOKING AHEAD

Economic
Indicator

Release
Date & Time

Consensus
Estimate


Analysis

Columbus Holiday

Monday, Oct. 13

None

Important. Shortened trading week may lead to market volatility when trading resumes Tuesday.
Producer Price Index

Wednesday, Oct. 15,
8:30 am, et

Down 0.3%,
Core up 0.2%

Important. An indication of inflationary pressures at the producer level. Lower figures may lead to lower rates.
Retail Sales

Wednesday, Oct. 15,
8:30 am, et

Down 0.4%

Important. A measure of consumer demand. Weakness may lead to lower mortgage rates.
Fed "Beige Book"

Wednesday, Oct. 15,
2:00 pm, et

None Important. This Fed report details current economic conditions across the US. Signs of weakness may lead to lower rates.
Consumer Price Index

Thursday, Oct. 16,
8:30 am, et

Up 0.1%,
Core up 0.2%

Important. A measure of inflation at the consumer level. Lower figures may lead to lower rates.
Industrial Production

Thursday, Oct. 16,
9:15 am, et

Down 0.8% Important. A measure of manufacturing sector strength. Weakness may lead to lower rates.
Capacity Utilization

Thursday, Oct. 16,
9:15 am, et

78.0% Important. A figure above 85% is viewed as inflationary. Weakness may lead to lower rates.
Philadelphia Fed Survey

Thursday, Oct. 16,
10:00 am, et

Down 5.0 Moderately important. A survey of business conditions in the Northeast. Weakness may lead to lower rates.
Housing Starts

Friday, Oct. 17,
8:30 am, et

Down 1.7% Important. A measure of housing sector strength. Larger than expected decreases may lead to lower rates.
U of Michigan Consumer Sentiment

Friday, Oct. 17,
10:00 am, et

69.0 Important. An indication of consumers’ willingness to spend. Weakness may lead to lower mortgage rates.

Fundamental Week

Published Saturday, October 11, 2008 11:30 AM by John Norton

Comment Notification

Subscribe to this post's comments using RSS

Comments

No Comments

Leave a Comment

(required)
(optional)
(required)
Submit