Mortgage Rate "movers" for the week- 2/23/09

Mortgage and Lending MLS# 279272

This final week of February will reveal a number of important indicators of economic growth.

Existing Home Sales and New Home Sales will be released on Wednesday and Thursday, respectively. Durable Orders will also come out on Thursday.

Revisions to fourth quarter 2008 Gross Domestic Product (GDP) will be released on Friday, along with the Chicago PMI national manufacturing index.

Consumer Sentiment and Consumer Confidence are on the schedule as well.

Fed speakers, the scheduled Treasury auction on Thursday, and new information about government programs also may have a significant impact on mortgage markets this week. Call or e-mail me before you want to lock a rate....and have a great week!

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