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 today, with the results of the meeting scheduled for Wednesday.
The Case-Shiller Home Price Index which shows closing prices for homes settled in August (which may include Home Sale contracts for June and July), was up 1.3% The Producer Price Index (PPI) was up .01% and Retail sales were down .01%. Both the PPI and retail sales reports were considered non-events.
Stocks are opening higher and Mortgage bonds are starting the day relatively flat. Mortgage rates are flat as compared to yesterday.