‚Äč Bond Market Update

Bond Market Update

Bond Market Update

Market Update

Friday, August 12, 2022

What's going on and why does it matter?
Mortgage bonds opened slightly higher this morning after bouncing off their 30-day moving average in yesterday's trading session. It appears that mortgage bonds may drift sideways between their moving averages for the time being. On today's economic calendar, the University of Michigan Consumer Sentiment report is scheduled for release later this morning.

What should you do about it?
Watch and see if mortgage bonds can rebound toward their 10-day and 100-day moving averages, but be prepared to lock your rate if the market changes directions.

Economic Calendar

Economic reports that may impact mortgage rates this week:
Date Report Period Prior Est. Actual
Wed 10 Aug CPI month-over-month Jul 1.3% 0.2% 0.0%
Wed 10 Aug CPI year-over-year Jul 9.1% 8.7% 8.5%
Thu 11 Aug Initial Jobless Claims Week ending Aug 6 260k 263k 262k
Thu 11 Aug PPI year-over-year Jul 11.3% 10.4% 9.8%
Thu 11 Aug PPI month-over-month Jul 1.1% 0.2% -0.5%
Fri 12 Aug U of Mich. Consumer Sent. Aug 51.5 52.2