Mortgage Rates Side-Step Into Holiday Weekend
Boring Week and Next Week Isn't Much More Promising It's always a bit jarring to go from something like last Friday's jobs report response to a subsequent week with very little movement, but in the grand scheme of things, it may as well have been a 9 day weekend. Actually, make that a 10 day weekend with the upcoming Monday being a holiday closure. Neither PPI nor Consumer Sentiment caused a stir today, but volume suggests traders were willing to react to PPI if it had fallen far from forecasts. In general, we'll need big ticket data to say bad things about the economy in order to recover any decent amount of what was recently lost.&nbs
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