I hope you had a Happy Presidents Day! Our office is closed in observance of this holiday. We will reopen for business as usual, along with the markets, Tuesday morning, February 16, 2016.
However, I still want to share what economic data may influence the direction of mortgage rates for the remainder of this week.
- Tuesday, February 16: Empire State Index; Housing Market Index
- Wednesday, February 17: Producer Price Index (PPI); Housing Starts; Building Permits; FOMC Minutes
- Thursday, February 18: Initial Jobless Claims; Philadelphia Fed Index
- Friday, February 19: Consumer Price Index (CPI)
We have a lot of data set to be released during this short week. Watch for signs of inflation, which may cause mortgage rates to trend higher off their very low levels.
If I can help you with your refinance or purchase of a home located anywhere in Washington state, please contact me.
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