What May Impact Mortgage Rates this Week: July 30 – August 3, 2012

I’m actually on vacation this week with my son. We haven’t gone on a trip “just the two of us” since he was about 7 or 8 years old…now he’s in college! I will be back to work on Monday, August 5, 2012. This week is jam packed with economic data that may impact mortgage rates, winding up on Friday with the Jobs Report. There are no economic indicators scheduled to be released today.

Tuesday, July 31: ADP National Employment Report, Personal Consumption Expenditures (PCE and Core PCE), Employment Cost Index, Personal Spending, Personal Income, Chicago PMI, ISM Index and Consumer Confidence 

Wednesday, August 1: FOMC Meeting

Thursday, August 2: Initial Jobless Claims

Friday, August 3: The Jobs Report and ISM Services Index

Whew! After all of that, I feel like I need a vacation. Seriously, if you need anything while I’m away, please contact my office at 253-859-5300 or Marilyn Porter, my sister-in-law and President of Mortgage Master Service Corporation at 206-669-2746. 

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