Hang On…It’s Going to be a Bumpy Ride

This week, we’re in for a bumpy ride with mortgage interest rates.   Fueling the fire are several important economic indicators which will begin to hit us on Wednesday and continue through Friday.   

On Wednesday, not only does the FOMC (the Fed) meet, we also have several news releases including the Gross Domestic Product (GPD) and the Chicago PMI (the Business Barometer).   The drama continues on Thursday with the Core PCE (Personal Consumption Expenditure).   We finish Friday with the big daddy…the Jobs Report. 

These factors  help predict inflationary and economic trends and typically have a high impact on mortgage interest rates. 

I just read an excellent blog on The Mortgage Report, by fellow CMPS, Dan Green.  To find our why you should lock before Friday’s job report, click here…