12/17/07 830AM PST - NO NEWS TODAY

By: Matthew Graham • Mon, Dec 17 2007, 10:30 AM

Today is one of those days with no economic reports that have a measurable impact on the markets.

Stocks are down moderately this morning on holiday sales skepticism. The FNMA 30 yr fixed MBS 6.0% coupon is bid at 101.04 right now, meaning we haven't seen enough change since Friday afternoon to cause a change in mortgage rates this morning.

Rates and Lock recommendations are unchanged.

Tomorrow morning brings a report that's important to our market in two ways: the housing starts report. Although important is usually doesn't devastate rates. However, if it is significantly higher than expected, rates could continue moving up tomorrow.