What May Impact Mortgage Rates this Week: January 25, 2016

mortgageporter-economyThe Fed starts their two day meeting today which wraps up tomorrow. It is highly unlikely that the Fed will make any changes to the Fed funds rate tomorrow. Investors will be paying close attention to the FOMC’s statement that will be released when their meeting has concluded around 11:00 PST.

Here are some of the economic indicators scheduled to be released this week (there were no reports released on Monday):

  • Tuesday, January 26: S&P/Case-Shiller Home Price Index; Consumer Confidence
  • Wednesday, January 27: New Home Sales; FOMC Meeting
  • Thursday, January 28: Initial Jobless Claims; Durable Goods Orders; Pending Home Sales
  • Friday, January 29: Gross Domestic Product (GDP); Employment Cost Index; Chicago PMI; Consumer Sentiment (UoM)

Mortgage rates continue to be very low, making this a great time to refinance to a lower mortgage rate or shorter term. If you’re considering refinancing or buying a home located anywhere in Washington state, I’m happy to help you with your mortgage needs. Click here if you would like me to provide you with a mortgage rate quote.

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