Friday, February 22, 2019


Updated on February 22, 2019 10:23:01 AM EST

Today has no relevant economic data set for release. We do have a few speaking engagements by current Fed members throughout the day. None of them are key or expected to fuel a big move in the markets. That said, any surprises in their speeches could draw a reaction big enough to cause a minor change in rates before the end of the day. If there are no surprises, they likely will have no influence on rates today.

Next week is packed with mortgage-relevant events. There is something scheduled to take place each day of the week and several days have multiple items set. Some of the data are key reports, including a couple of important releases that were delayed due to the shutdown. In addition to the data, there are two moderately important Treasury auctions and the two-day semi-annual Fed testimony to congress. The week starts off fairly light with just the 5-year Treasury Note auction Monday, but from there it gets very active really quickly. Look for details on all of the week’s activities in Sunday evening’s weekly preview.

 ©Mortgage Commentary 2019