Last Friday’s Jobs Report came in better than expected and mortgage rates ticked up a little higher on Friday but are still in a tight range and essentially unchanged compared to last Monday’s rate post (slightly improved). There’s not a lot on the dance card this week for scheduled events that may impact the direction of mortgage interest rates this week. Watch for the Fed Minutes on Wednesday, which has stronger odds of moving mortgage rates. Since this week’s calendar is so light, I’m adding a couple items that will not impact rates…but are eventful!
What May Impact Mortgage Rates this Week: January 6, 2014
Mortgage rate update for the week of December 31, 2012
Happy last day of 2012! Although this is a short week due to the New Year holiday, it’s packed with economic data that may impact mortgage rates, including The Jobs Report on Friday. Here are a few of the scheduled events for this week:
Monday, December 31, 2012: Last day for Congress to avoid the “fiscal cliff”.
Tuesday, January 1, 2013: HAPPY NEW YEAR!
Wednesday, January 2, 2013: ISM Index and FOMC Minutes
Thursday, January 3, 2013: ADP National Employment Report
Friday, January 4, 2013: The Jobs Report
Just a quick reminder, I am on a short vacation and will be returning to work on January 3, 2013.
PS: Go HAWKS!!
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