Happy Holidays! With this being a short week due to Christmas, we may see a bit more volatility with mortgage rates with many traders taking time off for the holidays. Markets will be closing early on Tuesday for Christmas Eve and will be closed all day Wednesday. Here are some of the economic indicators scheduled to be released this week:
- Monday, December 23: Personal Consumption Expenditures (PCE); Personal Spending; Personal Income; Consumer Sentiment (UoM)
- Tuesday, December 24: Durable Goods; New Home Sales
- Wednesday, December 25: Merry Christmas!
- Thursday, December 26: Initial Jobless Claims
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Speaking of mortgage rates, future FHFA Director Mel Watts announced that he will delay the guarantee fee (LLPA) price hikes that were announced last week by Fannie Mae. This is good news for mortgage rates! Stay tuned!