Leading Economic Indicators (LEI) from the Conference Board
October’s Leading Economic Indicators (LEI) report was also released at 10:00 AM ET today. The Conference Board announced a 0.1% decline, matching forecasts. These indicators attempt to predict economic activity over the next several months, so the decline in welcomed in the bond and mortgage markets. But because this is only a moderately important release that pegged expectations, we have not seen a reaction in mortgage pricing.