What's going on and why does it matter?
The economic calendar this week is all about the consumer inflation numbers scheduled for release on Wednesday. The market will be looking for inflation to continue its descent from recent levels. However, with the recent jobs report coming out, the jury is out to see if that will still come to fruition. If that doesn't happen, the market may react negatively, and mortgage pricing may get worse. In the meantime, mortgage bonds will likely drift sideways, hugging their moving averages.
Information from Momentifi.com
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