What May Impact Mortgage Rates this Week: October 14, 2013

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mortgageporter-economy

The Government shutdown continues to drag on with the debt ceiling deadline pretty much here. Currently mortgage rates are at very low levels, however if the US defaults on their debts, we could see a spike in interest rates on Thursday.  I hope I’m wrong… and we’ll how the next few days are going to pan out soon.

Here are the economic indicators scheduled to be released this week:

  • Monday, October 14: Columbus Day
  • Tuesday, October 15: Empire State Index
  • Wednesday, October 16:  Consumer Price Index (CPI); Housing Market Index; Fed’s Beige Book
  • Thursday, October 17: Building Permits; Initial Jobless Claims; Housing Starts; Philadelphia Fed Index

Not an economic indicator… but thought I’d share that on this Friday, I will be at the Washington Association Mortgage Professionals Annual Leadership and Humanitarian Awards. I am a finalist in the media category…so I send you all a huge thank you for reading my blog. By the way, I highly doubt I’ll “win”… I’m up against some pretty steep competition (including two past WAMP Presidents and a mortgage professional who has her on TV show)…it’s an honor to be nominated!

If I can help you with your mortgage needs for your home purchase or refinance of property located anywhere in the beautiful state of Washington, please contact me!

 

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