Mortgage rates are improved after last week’s Fed Meeting with the indication the Fed will delay tapering off their purchase of mortgage backed securities. Watch for news regarding whether or not Congress is going to raise the debt ceiling to avoid a government shut down on October 1 as this may impact the direction of mortgage rates.
Here are some of the economic indicators scheduled to be released this week (there is nothing scheduled for today):
- Tuesday, September 24: S&P Case Shille; and Consumer Confidence
- Wednesday, September 25: Durable Goods Orders; and New Home Sales
- Thursday, September 26: Initial Jobless Claims, Gross Domestic Product (GDP); GDP Chain Deflator; and Pending Home Sales
- Friday, September 27: Personal Consumption Expenditures and Core PCE; Consumer Sentiment Index (UoM)
PS: I’ll be teaching a FREE Home Buyers Education Class this Saturday, September 28, 2013 in Seattle at the Columbia City Library. For more information or to rsvp, click here.