Where are rates headed?

Well since my crystal ball is broken I will just do the best I can to read the tea leaves and see if we can figure out what rates will do on a weekly basis. Below are highlighted what I consider to the most important factors that determine interest rates. The critical ones are in red, yellow is still important in my opinion. I would love to hear your feedback on interest rates or anything else housing related. You may also refer to a web/blog that a former co-worker wrote that has many useful links on it as well. Monarch is licensed is SC,NC,VA,MD,DC,WV,DE,PA


U.S. Economic Reports, May 3–7, 2010 (All times ET)

Monday, May 3
8:30 Personal Income and Outlays
10:00 Construction Spending

Tuesday, May 4
7:45 ICSC-Goldman Store Sales
8:55 Redbook
10:00 Factory Orders
10:00 Pending Home Sales Index

Wednesday, May 5
7:00 MBA Purchase Applications
7:30 Challenger Job-Cut Report
8:15 ADP Employment Report

Thursday, May 6
6:00 Monster Employment Index
8:30 Jobless Claims
8:30 Productivity and Costs
9:30 Ben Bernanke Speaks ***
11:00 Freddie Mac Interest Rates **

Friday, May 7
8:30 Employment Situation
3:00 Consumer Credit

We'll try and get out information out quicker so you can make a decison as fast as you need. Waiting can cost alot of money over the life of the loan.