Wednesday, November 6, 2013

The Mortgage Update 11/6/2013

The market sold off yesterday after the ISM Manufacturing Index was released. This adds to the concern that the Fed will begin to taper asset purchases sooner than expected. The next big piece of economic data that could move the market is Thursday, both GDP and Jobless Claims are announced. Economists are forecasting that expansion and hiring slowed this month. Those delayed reports and concerns over the ECB policy expectations; investors will be cautious in the bond market. Volatility will be the name of the game later this week…





No comments:

Post a Comment