Mortgage rates remained relatively stable last week, with markets focused on the Presidential transition and Cabinet confirmation hearings for any clues on policy changes.
The week ahead with have plenty of economic data for markets to digest, with CPI, Industrial Production/Capacity Utilization, and Housing Starts the mostly likely to move markets. However, the Presidential transition will remain in focus ahead of Friday’s inauguration, as investors continue to predict policy changes that could happen in the first 100 days. Developments in Europe should also not be overlooked, as the UK moves forward with Brexit and the results of the European Parliamentary elections are released.
Economic Calendar for the week of 01/16/2017 to 01/20/2017:
Monday: Markets Closed, MLK Day
Tuesday: Empire Manufacturing
Wednesday: MBA Mortgage Applications, CPI, Industrial Production/Capacity Utilization
Thursday: Initial Jobless Claims, Continuing Claims, Housing Starts/Building Permits