What May Impact Mortgage Rates this Week: December 9, 2013

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mortgageporter-economyThis week’s calendar of economic indicators is very light compared to last week. Here’s what is scheduled to be released this week:

  • Thursday, December 12: Retail Sales and Initial Jobless Claims
  • Friday, December 13: Producer Price Index (PPI)

The Fed will be selling $64 billion in bonds this week. Speaking of the Fed, the FOMC meeting will be taking place next week. It will be interesting to see where the Committee stands with tapering following last week’s strong jobs data. Should the Fed indicate they are going to pull back on their support of ¬†purchasing mortgage backed securities, we will probably see rates trend higher. If the Fed indicates they will continue with their support, mortgage rates should react favorably.

For more nitty gritty, including a chart illustrating mortgage interest rate trends, check out my latest issue of Mortgage Market Guide Weekly.

If you would like me to provide you with a mortgage rate quote for your home located anywhere in Washington state, please click here.

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