Weekly Mortgage Overview: 10/14/2013

By October 14, 2013Uncategorized

The bond markets are closed today.

This is another big week for economic releases; unfortunately, many of the reports listed below will not be released due to the continued government shutdown.

This week will once again hinge upon any movement on the debt ceiling talks.  According to the Treasury Department, the U.S. will hit our debt ceiling on October 17th.  If we progress past that date, then the U.S. will have to put off making some debt payments which may be considered a technical default and would rattle the global financial system.

What is on the agenda for this week?

Date

Time (ET)

Economic Release

Market Expects

Prior

15-Oct

8:30 AM

Empire Manufacturing

4.5

6.3

16-Oct

7:00 AM

MBA Mortgage Index

NA

1.30%

16-Oct

8:30 AM

CPI

0.10%

0.10%

16-Oct

8:30 AM

Core CPI

0.10%

0.10%

16-Oct

9:00 AM

Net Long-Term TIC Flows

NA

$31.1B

16-Oct

10:00 AM

NAHB Housing Market Index

57

58

16-Oct

2:00 PM

Fed’s Beige Book

NA

NA

17-Oct

8:30 AM

Initial Claims

330K

374K

17-Oct

8:30 AM

Continuing Claims

2900K

2905K

17-Oct

8:30 AM

Housing Starts

915K

891K

17-Oct

8:30 AM

Building Permits

932K

918K

17-Oct

9:15 AM

Industrial Production

0.30%

0.40%

17-Oct

9:15 AM

Capacity Utilization

78.00%

77.80%

17-Oct

10:00 AM

Philadelphia Fed

7

22.3

17-Oct

10:30 AM

Natural Gas Inventories

NA

90 bcf

17-Oct

11:00 AM

Crude Inventories

NA

6.807M

18-Oct

10:00 AM

Leading Indicators

0.60%

0.70%