This week is going to be a big news week including housing and jobs reports, and the ADP Employment report on Wednesday. The Fed’s 2 –day meeting starts tomorrow, with the results of the meeting scheduled for Wednesday. There isn’t much concern regarding QE-3 tapering for the remainder of this year. The experts seem to agree that the earliest that QE-3 tapering would be considered is March 2014.
Pending home sales for September and were reported down by 5.6%
Both Stocks and Mortgage bonds are starting the day relatively flat. Mortgage rates are flat as compared to Friday.