Mortgage Market Commentary January 23, 2012

Rates have popped higher this morning as the negotiations with private creditors to restructure Greek debt seem to have overcome recent snags and are close to completion.

 Later this week look for:

- Canada: Retail Sales (Tue)

- US: Richmond Fed (Tue); Pending Home Sales; FOMC Meeting (Wed); Durable Goods, New Home Sales, Leading Indicators, Initial and Continuing Jobless Claims (Thu); Q4 GDP, Consumer Sentiment (Fri)