Libyan unrest continues to support the treasury market today, with treasuries and mortgages opening slightly better than Friday’s close.  This week’s financial calendar is full of economic news.  Some of the more important releases include Personal Income and Spending this morning, which came in mixed and ISM Manufacturing on Tuesday.  The critical February Unemployment Report will be out on Friday.  Look for the federal government budget battle to be in the forefront this week as well, as a failure to come to a resolution could shut down the government, although most reports would seem to indicate a brief government shutdown would have little impact on mortgage lending.

 

Rate Trend: Slightly Lower! Laughing