Mortgage bonds opened flat today, although they are still hovering below
their 200-day moving average. The economic data in recent days has been
positive, although the inflation numbers have been tame. The market's
attention is focused on the progress of the Senate tax reform bill where a
final vote is expected late tonight or early tomorrow. There is also an
OPEC meeting today where major oil producers will discuss a potential
nine-month extension in production cuts from March 2018 through December
2018. The Fed is scheduled to purchase up to $1.51 billion of 30-year
conventional mortgage bonds today.
should you do about it?
Lock your rate to be safe.
reports that may impact mortgage rates this week: