Daily Rate Lock Advisory

Indexes Affecting Rate Lock

Medium

Negative

Industrial Production

September's Industrial Production report was today’s only semi-relevant economic data. The 9:15 AM ET release showed a 0.7% rise in output at U.S. factories, mines and utilities to hint at manufacturing strength. This report isn’t considered to be highly influential, but because analysts were expecting to see a 0.4% increase in production, we have to label the data unfavorable for bonds and mortgage rates. However, this morning’s early bond losses are much more about inflation and oil concerns than it is from this report.

Medium

Unknown

Treasury Auctions (5,7,10,20,30 year)

Next week is very light in terms of scheduled economic releases or other events that are expected to affect mortgage rates. There is a small handful of reports, all on the light side of importance, along with a Treasury auction midweek that may come into play during afternoon hours. That doesn’t mean we will necessarily see rates remain calm though. There are still plenty of factors and concerns in the markets that can cause volatility and mortgage rates movement. Monday has nothing of relevance scheduled, so we will be watching for weekend headlines from the Middle East to drive trading as the new week begins. Look for details on all of next week’s calendar in Sunday evening’s weekly preview.

Rate Lock Advisory

Mortgage Rate Trend

Indexes Affecting Rate Lock

Industrial Production

Treasury Auctions (5,7,10,20,30 year)

Float / Lock Recommendation