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What’s going on and why does it matter?

Mortgage bonds opened slightly lower today as they continue to hover below their 30-day moving average. This week may be off to a slow start as European markets and parts of Asia were closed for Easter Monday. The only item of note on today’s economic calendar is the existing home sales report due out later this morning which is expected to show a slight decline. The economic calendar picks up later this week, along with some high-profile corporate earnings reports that may move the markets. There are no Fed appearances scheduled this week as Fed policymakers are in their blackout period ahead of next week’s monetary policy meeting.

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

– Brian D. Reno, CMPS® | Norcom Mortgage | NMLS #215776


Kurt Fancher // Fancher Mortgage Group
Brian Reno // BDR Mortgage
Jennifer Riley // FifthThird Bank
Jared Shore // Parker Mortgage
Brad D Stone // Huntington Bank
Matt Slater // Northpointe Bank

*Figures deemed reliable, but errors may occur. Rates and terms subject to change without notice.
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