Mortgage Rates Slightly Higher to Begin New Week

Mortgage Rates Slightly Higher to Begin New Week

Limited Market Motivations as Traders Wait to Fill in Blanks There was a palpable absence of relevant source material to provide guidance for the bond market today.  That was painfully obvious when the day's biggest move followed headlines regarding the prospects for a slowdown in the European Central Bank's rate hike trajectory.  Such headlines may have had little impact on bonds on a day with a big ticket economic report, but alas!  There are none to be found today and few to be found in the rest of the week.  Retail Sales and a new policy announcement from the Bank of Japan are in focus for Wednesday morning.