top of page

Top Items That Could Impact Mortgage Rates this Week 3/27/23

Writer's picture: JOHN  AGUIRREJOHN AGUIRRE

FLIGHT-TO-QUALITY TRADE UNWINDS IN THE FINANCIAL MARKETS. Mortgage bonds opened sharply lower Monday and stocks are set to rally after the FDIC announced early Monday morning that First Citizens BancShares agreed to take the deposits and loans of Silicon Valley Bank. This news is buoying the banking sector and restoring investor confidence in the financial markets. This means that mortgage pricing may get worse this week as the bond market gives back its gains from last week and investors unwind their flight-to-quality trades.

2 THIS WEEK'S ECONOMIC REPORTS. The economic calendar is quite full this week. The most notable report is Friday's PCE inflation report because PCE inflation is the Fed's favorite measure of inflation. Other economic reports that may be of particular interest to bond investors and the housing market include:

  • Tuesday: Consumer Confidence report

  • Wednesday: Pending Home Sales Change

  • Thursday: Initial Jobless Claims and final GDP numbers for Q4 2022

  • Friday: PCE inflation, Chicago PMI, University of Michigan Consumer Sentiment Index


2 views0 comments

Recent Posts

See All

Round 2: Dream-for-All Fact Sheet

Program Highlights Offers up to 20% for down payment or closing costs, not to exceed $150,000 Homebuyer must register for a voucher. A...

Comentários


bottom of page