During this Christmas week, all of the economic data will come out on Tuesday and Wednesday.
The final revisions to third quarter Gross Domestic Product (GDP) will be revealed on Tuesday. GDP is the broadest measure of economic activity. Both Existing Home Sales and New Home Sales will be released on Tuesday as well.
Durable Orders, another important indicator of economic activity, is scheduled for Wednesday, along with Personal Income. Consumer Sentiment and Jobless Claims will also come out before Christmas,probably Wednesday morning.
Mortgage Securities markets will close early on Wednesday and Friday, and will be closed on Thursday. Since many investors take this week off, there can be some wide fluctuations in Mortgage rates, due to light trading volumes. Things will stabilize by the start of the New Year.
I certainly wish a wonderful holiday week for you...enjoy some time with your family & friends!
Merry Christmas!!
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