What May Impact Mortgage Rates this week: February 15, 2016

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.