The Mortgage Bankers’ purchase index was released at 7:00 AM EDT, and there was a week to week gain of of 0.2% last week. Also, mortgage rates were up 27 basis points in that week.
At 10:30 AM EDT, the weekly Energy Information Administration Petroleum Status Report will be released, giving investors an update on oil inventories as oil prices continue to move higher.
At 1:30 PM EDT, Federal Reserve Chairman Ben Bernanke will make a speech to the Dallas Regional Chamber on the topic of “Economic challenges: Past, Present and Future”, after the Fed minutes for March were released yesterday.
At 3:00 PM EDT, the Consumer Credit report will be released. The consensus estimate is that there will be no change in the amount of consumer credit available from January to February, after the first increase in 11 months in January.
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