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Bond Market Update

Market Update

Thursday, April 18, 2019

What's going on and why does it matter?
Mortgage bonds opened flat today as they continue to hover below their 30-day moving average. The retail sales report beat market expectations to the upside across the board, while the initial jobless claims numbers declined from last week. This was the fifth straight week in which claims came out below the market consensus, which indicates growing strength in the US economy. In Europe and Japan, however, the latest economic numbers came out weaker, which is fueling continued concerns about global economic growth. The bond market closes early today and will be closed tomorrow for Good Friday.

What should you do about it?
Lock your rate to be safe.

Economic Calendar

Economic reports that may impact mortgage rates this week:

Date Report Period Prior Est. Actual
Mon 15 Apr NY Fed Mfg Index Apr 3.70 6.70 10.10
Tue 16 Apr Industrial Production Mar 0.1% 0.2% -0.1%
Tue 16 Apr Capacity Utilization Mar 78.2% 79.1% 78.8%
Wed 17 Apr Wholesale Inventory Feb - 0.5% 0.2%
Wed 17 Apr Wholesale Sales Feb 0.5% 0.3% 0.3%
Thu 18 Apr Initial Jobless Claims Week of Apr 8 196k 205k 192k
Thu 18 Apr Retail Sales Mar -0.2% 0.9% 1.6%
Thu 18 Apr Business Inventories Feb 0.8% 0.4% 0.3%
Fri 19 Apr Building Permits Mar 1.291M 1.300M  
Fri 19 Apr Housing Starts Mar 1.162M 1.230M  

Patrick Glaros

Patrick Glaros
NMLS: 308804
First Choice Loan Services Inc.
Corporate NMLS: 210764
(972) 728-3420
5001 Spring Valley Rd., Suite 500W
Dallas, Texas 75244


First Choice Loan Services Inc. (NMLS# 210764), a Berkshire Bank Company (NMLS# 506896), is located at One Tower Center, Floor #18 East Brunswick, NJ 08816. First Choice Loan Services Inc. is licensed, registered or exempt from state licensing in the states it originates mortgage loans. Licensed by the NJ Department of Banking and Insurance. AZ BK#0918586. Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act. Mortgage loan products and services not offered in the state of New York. First Choice Loan Services is not an agency of the federal government. All loans are subject to credit approval. Programs, rates, terms and conditions are current, but are subject to change or expire. Other restrictions may apply. All applications must be submitted in writing. This advertisement is not a loan disclosure or commitment to provide a loan approval or a specific interest rate. http://www.fcloans.com/privacy