From Matthew Graham at Mortgage News Daily: Mortgage Rates Barely Budge to Start New Week
The bond market and interest rates have arrived at the first full week of the new year almost exactly where they left off before the X-mas/New Year holiday weeks. … Although the past 2 weeks have been uneventful for rates, the next 2 weeks will be heavily influenced by incoming economic data. There are several honorable mentions over the next few days before getting to this week’s headliner on Friday: the jobs report. [30 year fixed 7.10%]
emphasis added
Tuesday:
• At 8:30 AM ET, Trade Balance report for November from the Census Bureau. The consensus is the trade deficit to be $77.5 billion. The U.S. trade deficit was at $73.8 billion in October.
• At 10:00 AM, Job Openings and Labor Turnover Survey for November from the BLS.
• Also at 10:00 AM, the ISM Services Index for December.