Week of: Monday April 9, 2018
Present Market Conditions
Mortgage Rates were steady to slightly higher to begin the new week, The lack of Economic drama is consistent with the week's economic calendar which essentially had nothing meaningful on tap today.
There were no economic reports released today and the rest of the week is light with pony CPI ( Consumer Price Index), that standout on Wednesday which it considers a report with the high Impact on Mortgage Rates.
Quarterly earnings season kicks off this week with JPMorgan, Wells Fargo and Citigroup reporting on Friday. Wall Street ( Stock Market) feels that the corporate tax cuts could propel quarterly profits to their highest in seven years. With Stocks still struggling so far this year, this might be a time where Stocks bounce higher.