Wednesday: At 8:30 AM ET, the Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. During the day, the AIA’s Architecture Billings Index for July (a leading indicator for commercial real estate). 2:00 PM, FOMC Minutes for the Meeting of July 29-3
and US core cpi dampening speculations of a 50bp FOMC rate cut at the end of this month. 2Y swap rates have erased roughly.
Monetary policy will likely dictate the financial markets on Wednesday, as the Federal Reserve gets set to unveil the minutes of last month’s policy meeting. There’s not a lot of action.
The Federal Open Market Committee (FOMC) will be releasing its minutes from its last meeting at 2 p.m. ET Wednesday.
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The Federal Open Market Committee is scheduled to begin their two-day meeting tomorrow where a rate decision will be made, also due for a rate decision this week are U.K. and Japan markets. While some analysts predict a rate cut to come from this week’s meeting, others point to no rate cut in light of the g20 summit scheduled for the end of the month where President Trump and Chinese President Xi are due.
Monetary policy will dominate the headlines on Wednesday in a week filled with high-profile data releases. The minutes of the December Federal Open Market Committee (FOMC) meeting will be closely.
Wednesday preview: FOMC, UK CPI The focus on Wednesday will be on the US central bank, with three top Federal Reserve officials set to take to the podium ahead of the release of the latest set of.
From Matthew Graham at Mortgage news daily: mortgage rates sticking close to Long-Term LowsMortgage rates fell modestly today, making it the 7th straight business day where they’ve moved in the opposite direction from the previous day. [30YR FIXED 4.375 – 4.5%]emphasis addedWednesday: At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage.
Charlotte’s home prices rose 4.7 percent for year ended in October The months’ supply of homes decreased to 4.0 months in November, from 4.4 months in October. Median prices on condos and co-ops nationwide declined by 1.3 percent over the past year to $236,400.
Market watchers will turn their attention to the Federal Open Market Committee’s (FOMC) January meeting minutes that will be released at 2 p.m. ET on Wednesday. Given the Fed’s recent dovish pivot, investors will be looking for more clarity around the Fed’s monetary policy path for this year.