Blog

US Futures are Slightly Lower as Weekly Mortgage Applications Fall on Higher Rates

US Futures are slightly lower as weekly mortgage applications fall on higher rates.  The Mortgage Bankers Association announced that mortgage applications for the week of 10/6 saw applications fall by 2.1% on weakness in refinance activity as rates creep higher.  At 10 am, the market will get data on August job openings when the latest JOLTS report is released.  Expectations are for job openings to fall slightly to 6.16M in August.  At 2 pm, the FOMC will release the minutes from their September 20th meeting and new insights are not expected from the release.  Markets are currently pricing in a 92% chance of a rate hike in December.  European shares are mostly lower as political uncertainty continues.  Asian shares closed mostly higher.

US Futures are Lower After Muted Response to Data
US Futures are Higher as the Market Awaits Comment...