The major highlight this week will be Wednesday's Fed meeting. With the fed funds rate close to zero, rate cuts may no longer be an option. The Fed has many other tools at its disposal, though, and the accompanying statement will be highly anticipated.

A wide range of other beconomic data will come out this week as well. Gross Domestic Product (GDP) for the fourth quarter will be released on Friday. GDP is the broadest measure of economic activity. Durable Orders, another important indicator of economic activity, is scheduled for Thursday. The Chicago PMI national manufacturing index will come out on Friday. Housing market activity will be revealed in the Existing Home Sales on Monday and New Home Sales report on Thursday. Consumer Confidence and Consumer Sentiment will round out a busy week.

 
This post has been included in Minnesota Real Estate News Ramsey County, MN Real Estate News
Post is included in group: LA Connection

2 Comments on Mortgage Rate "movers" for the week ahead- 1/25/09

JAN
25
2009
807,571 Points Outside Blog

Hi Loren;

Great post and I do hope we are in for some good news.. I hope!
4:27pm • #1

If there is good news will it be reported as good news, or will they find a dark lining for the cloud.

I will continue to see The Silver Lining
4:50pm • #2


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Loren Johnson, CMPS

White Bear Lake, MN

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Waterstone Mortgage

Address: 659 Bielenberg Dr. #200, Woodbury, MN, 55125

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