What May Impact Mortgage Rates the week of December 24, 2012

December 24, 2012 by Leave a Comment

With the holidays upon us, we don’t have a lot of economic data scheduled for this week. Markets continue to be impacted with the “fiscal cliff” deadline approaching and Congress home for the holidays. Should a deal not come together to avoid falling off the “fiscal cliff” mortgage rates may actually improve as stocks may take a hit. The Bond and Stock Markets will close early today and reopen on Wednesday after the Christmas holiday.

Here are a few of the economic indicators scheduled for this week.

Tuesday, December 25: Merry Christmas!

Wednesday, December 26: S&P/Case-Shiller Home Price Index

Thursday, December 27: Initial Jobless Claims; New Home Sales; Consumer Confidence

Friday, December 28: Chicago PMI and Pending Home Sales

Next week will be another short week with the New Year holiday. ‘Tis the Season! 

From my home to yours, we wish you a very Merry Christmas and Happy Holidays!

Filed Under: Economy, Interest Rates Tagged With: , ,

What may impact mortgage rates the week of December 17, 2012

December 18, 2012 by 1 Comment

Boris-S-WortMy apologies for not getting this information posted yesterday, as I try to on every “working” Monday. We had weather related issues and I’m glad to say, all is well now.

This week, mortgage rates will be following the drama surrounding our financial “fiscal cliff”. If traders see optimism that we will avoid “going over the cliff”, you may see mortgage rates trend higher.

Here are a few of the economic indicators scheduled to be released this week:

Monday, December 17: Empire State Index

Tuesday, December 18: NAHB’s Home Builder Confidence (this came in at the highest levels since 2006!)

Wednesday, December 19: Building Permits; Housing Starts

Thursday, December 20: Initial Jobless Claims; Gross Domestic Product (GDP); Existing Home Sales; Philadelphia Fed Index

Friday, December 21: Personal Consumption Expenditures (PCE); Personal Income; Consumer Sentiment (UofM)

As someone who grew up in Renton, a suburb of Seattle, whenever I hear the phrase “Fiscal Cliff” I have an image an evil villian like, Boris S. Wart. Boris S. Wort was the second meanest man in the world and was a character on the J.P. Patches show that many of us watched growing up.

PS: If I can provide you with a mortgage rate quote for your home located in Renton, near the Seattle dump (JP’s former home) or anywhere in Washington state, please click here.

Filed Under: Economy, Interest Rates Tagged With: , , ,
« Previous Page