The Week in Review:
Interest rates dropped the first two days last week but then partially moved back up the remaining three days. Overall, interest rates slightly improved.
What to Expect:
This is a big week of economic news. First, the Federal Reserve holds its FOMC meeting starting Tuesday and releases its Policy Statement on Wednesday. As always, this could impact interest rates.
In addition to other reports, the Gross Domestic Product (GDP), an indicator of economic activity, will be released on Thursday. Then, this Friday, we’ll get a read on inflation with the Personal Consumption Expenditures report.
While reports have indicated low inflation, many Fed members and companies have been warning about inflationary pressures and rising prices.
Breg-ometer:
Next 7 Days: Best bet is to lock-in transactions at the beginning of the week
Next 30 Days: Neutral
Next 90 Days: Rates up
Courtesy of:
Bob Bregitzer
Southeast Mortgage
[where: 30082]