What May Impact Mortgage Rates the week of December 24, 2012
With the holidays upon us, we don’t have a lot of economic data scheduled for this week. Markets continue to be impacted with the “fiscal cliff” deadline approaching and Congress home for the holidays. Should a deal not come together to avoid falling off the “fiscal cliff” mortgage rates may actually improve as stocks may take a hit. The Bond and Stock Markets will close early today and reopen on Wednesday after the Christmas holiday.
Here are a few of the economic indicators scheduled for this week.
Tuesday, December 25: Merry Christmas!
Wednesday, December 26: S&P/Case-Shiller Home Price Index
Thursday, December 27: Initial Jobless Claims; New Home Sales; Consumer Confidence
Friday, December 28: Chicago PMI and Pending Home Sales
Next week will be another short week with the New Year holiday. ‘Tis the Season!
From my home to yours, we wish you a very Merry Christmas and Happy Holidays!