Resources Icon


A weekly look at where mortgage interest rates are headed. A weekly Economic Calendar is also included.

Dec 11, 2017

Last week mortgage rates fell slightly. Although there wasn’t much movement in mortgage rates over the week as a whole, there were some days of somewhat pronounces movement. Tuesday in particular, experienced a large drop in rates, causing many lenders to reissue rates. Thursday and Friday, however, saw mortgages peal back some of their gains from earlier in the week.

This week is poised to be quite eventful with the Fed decision on Wednesday taking center stage. Political experts are also focused on the Alabama senate race, and the potential implications the result may have on the pending tax reform proposals. The week starts out slowly, with little data out Monday or Tuesday, however, Tuesday is the special general election in Alabama to fill the US Senate seat which has been vacated by Attorney General Jeff Sessions. Wednesday will be the main event, with both the November CPI report due out, and the conclusion of the two-day FOMC meeting with a 25bp hike likely to be announced. Fed Chair Yellen will follow with a press conference. Domestically, Thursday we receive Initial Claims, Retail Sales, and Manufacturing Data. Internationally, the European Council meeting scheduled for Thursday and Friday will shed some light on how quickly we can get a transitional agreement for the UK and how contingent it is on talks over the future relationship.

Economic Calendar for the week of 12/11/2017 to 12/15/2017:

Monday: JOLTS Job Openings

Tuesday: NFIB Small Business Optimism and PPI Final Demand

Wednesday: MBA Mortgage Applications, CPI (MoM, CPI (YoY), Real Avg Hourly Earnings, Real Avg Weekly Earnings, and FOMC Rate Decision

Thursday: Initial Jobless Claims, Continuing Claims, Retail Sales, Import Price Index, Export Price Index, Markit US Manufacturing PMI, Markit US Services PMI, and Bloomberg Consumer Comfort Index

Friday: Empire Manufacturing, Industrial Production (MoM), and Capacity Utilization

Past Commentaries

Dec 11, 2017

Last week mortgage rates fell slightly...
Full Story

Dec 04, 2017

Mortgage Rates increased into month-end last week...
Full Story

Nov 27, 2017

Last week mortgage rates fell during the shortened trading week...
Full Story

Nov 20, 2017

Mortgage rates improved last week as continued uncertainty...
Full Story

Nov 13, 2017

Mortgage rates increased last week with the European Commission’s boosted growth forecasts...
Full Story

Nov 06, 2017

Mortgage rates fell last week as both equities and bonds experienced...
Full Story

Oct 30, 2017

Mortgage rates saw some volatility last week, finishing the week higher...
Full Story
Team Awesome Sauce and Good Gravy
Loan Consultant
29012 Mallard St. Dallas, TX 75093
Visit Page Find New LC
home3 image music film file-empty file-text2 file-picture file-music file-play file-video file-zip folder-download folder-upload price-tag phone location location2 compass map map2 calendar display laptop mobile mobile2 tablet tv bubble key key2 lock unlocked pie-chart stats-dots stats-bars stats-bars2 trophy warning notification question info google-plus facebook twitter youtube vimeo linkedin2 file-pdf file-openoffice file-word file-excel libreoffice