Mortgage Industry News
Monday Market News
Treasury prices were mostly unchanged overnight after an uneventful overseas session. The US economic calendar is starting off the week in similar fashion with no notable releases scheduled for today. However, Fedspeak does begin to heat up today on the heels of last week’s FOMC. Activity for the rest of the week is limited to Wednesday’s Existing Home Sales Report, Thursday’s New Home Sales Report and appearance by Fed Chair Janet Yellen and Friday’s Durable Goods Orders and Purchasing Managers’ Index. Currently, the 10yr yield is at 2.502%.