The Week Ahead: State of the Union, FOMC, Housing Prices, Treasury Auctions

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Posted To: MBS Commentary

The week ahead is busy to say the least. President Obama will give the State of the Union Address on Tuesday night. The Federal Reserve will hold a two day FOMC meeting to discuss monetary policy and share an updated outlook on Wednesday. We'll get a trio of housing reports as well as a trifecta of Treasury coupon auctions totaling $99 billion. Scattered in between, the New York Fed will conduct four QEII open market Treasury operations. And rounding out the week ahead, the Q4 earnings season continues with key reports from 3M, Procter & Gamble, Boeing, Caterpillar, Ford, Honeywell, and Johnson & Johnson. So needless to say there is a plethora of news and events that might just serve to provide some directional guidance for the MBS market and mortgage rates, which have been stuck in...(read more)

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Source: www.mortgagenewsdaily.com

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