What May Impact Mortgage Rates this Week: January 6, 2014

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MortgagePorter-JobsReportThis week we’ ll be watching for the minutes from the last FOMC meeting and the Jobs Report as they may impact the direction of mortgage interest rates. It’s anticipated that employers added 197k jobs in December. Here are the economic indicators scheduled to be released this week:

  • Monday, January 6: ISM Index
  • Wednesday, January 8: ADP National Employment Report and FOMC Minutes
  • Thursday, January 9: Initial Jobless Claims
  • Friday, January 10: the Jobs Report

And who isn’t counting down in Washington for the Seattle Seahawks game coming up this Saturday? Go HAWKS!

If I can provide you with a mortgage rate based on your personal financial scenario for a home located anywhere in Washington state, please click here.

Congratulations in advance to Janet Yellen, who is expected to be confirmed today as the first woman to be chief of the Federal Reserve. Congratulations also to Melvin Watt who has been officially sworn in as the Director of the FHFA (Federal Housing Finance Agency – which oversees Fannie Mae and Freddie Mac).

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  1. […] to last Monday’s mortgage rate post, rates are improved by just over 1 point in fee or 0.125% in […]

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