The Economic Calendar for this week:The X factor this week clearly lies in the first FOMC meeting in 2015, where Fed members will meet and discuss monetary policy. The two day meeting kicks off on Tuesday and will end Wednesday with the 2:00 p.m. EST release of the Fed's monetary policy statement.
~ Look for several key housing reports, including New Home Sales and the S&P/Case-Shiller Home Price Index on Tuesday and Pending Home Sales on Thursday.
~ We'll get a sense of how consumers are feeling with Consumer Confidence on Tuesday and the Consumer Sentiment Index on Friday.
~ On Friday, look for the first reading on Q4 2014 Gross Domestic Product, the Employment Cost Index, and manufacturing news via the Chicago PMI.
All these Economic Reports have a HIGH to Moderate Impact on Rates.
Don't wait to lock your rate!
Brian D MorrowPinnacle Capital Mortgage
Mortgage Advisor
P: 415-310-5586
700 Irwin St, #300, San Rafael, CA 94901
NMLS#3311058
Equal Housing Lender NMLS 81395
Licensed by the Department of Business Oversight under California Residential Mortgage Lending Act
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