Although at first glance, this week may seem like there’s not a lot scheduled that may impact mortgage rates, what is scheduled is significant. We have the FOMC meeting winding up on Thursday following last Friday’s weaker than expected Jobs Report. Friday is packed with reports that may reveal signs of inflation, which tends to drive mortgage rates higher.
Here are some of the economic indicators scheduled for this week:
Thursday, Sept. 13: FOMC Meeting; Producer Price Index (PPI); Initial Jobless Claims
Friday, Sept. 14: Retail Sales; Consumer Price Index (CPI); Consumer Sentiment Index (UoM)
For your personal mortgage rate quote for your home located anywhere in Washington state, please contact me.