Last week mortgage rates experienced quite a bit of volatility, as early in the week they were hurt by corporate earnings reports equities rising. Late in the week, mortgages got some relief from low Retail sale figures and weak data on PPI.
This week’s economic calendar starts off slowly with only the NY Fed Empire Manufacturing Survey and NAHB Housing Market Index. After that, the week kicks into gear with significant domestic data on Tuesday, Wednesday and Thursday. A couple of Fed Speakers are scheduled this week. Most notably, Bullard, a voting member, is speaking on Wednesday, just ahead of the FOMC Minutes. Dudley is speaking on Thursday.
Finally, there will also be some international data this week which may affect mortgages. Wednesday labour data comes out of the UK in the form of jobless claims, earnings and unemployment numbers. Thursday trade data will come out of Japan, and in Europe we will see July retail sales data out of the UK. Friday PPI data for Germany may grab some headlines since there is no data due in the U.S.
Economic Calendar for the week of 08/15/2016 to 08/19/2016:
Monday: NY Fed Empire Manufacturing Survey and NAHB Housing Market Index
Tuesday: Housing Starts, Building Permits, CPI, Real average Weekly Earnings, Industrial Production, Capacity Utilization, Manufacturing Production
Wednesday: MBA Mortgage Applications and FOMC Meeting Minutes from July 26-27 Meeting
Thursday: Initial Jobless Claims, Continuing Claims, Philadelphia Fed Business Outlook, Bloomberg Economic Expectations, Bloomberg Consumer Comfort Index, and Leading Index
Friday: No data
This week’s economic calendar starts off slowly with only the NY Fed Empire Manufacturing Survey and NAHB Housing Market Index. After that, the week kicks into gear with significant domestic data on Tuesday, Wednesday and Thursday. A couple of Fed Speakers are scheduled this week. Most notably, Bullard, a voting member, is speaking on Wednesday, just ahead of the FOMC Minutes. Dudley is speaking on Thursday.
Finally, there will also be some international data this week which may affect mortgages. Wednesday labour data comes out of the UK in the form of jobless claims, earnings and unemployment numbers. Thursday trade data will come out of Japan, and in Europe we will see July retail sales data out of the UK. Friday PPI data for Germany may grab some headlines since there is no data due in the U.S.
Economic Calendar for the week of 08/15/2016 to 08/19/2016:
Monday: NY Fed Empire Manufacturing Survey and NAHB Housing Market Index
Tuesday: Housing Starts, Building Permits, CPI, Real average Weekly Earnings, Industrial Production, Capacity Utilization, Manufacturing Production
Wednesday: MBA Mortgage Applications and FOMC Meeting Minutes from July 26-27 Meeting
Thursday: Initial Jobless Claims, Continuing Claims, Philadelphia Fed Business Outlook, Bloomberg Economic Expectations, Bloomberg Consumer Comfort Index, and Leading Index
Friday: No data
