A Big Week of Economic Data

The Fed will be meeting Tuesday and Wednesday of this week and to go along with this we have a plethora of data coming out as well. I believe we will find this week to be much like last week, extremely volatile with large swings going both ways based on the data at hand and the market's perception of this data. I have outlined some of the key data to be released this week and the forecasts for this data.

1/28 10:00am EST: New December Home Sales Previous: $647K Forecast: $635K

1/29 10:00am EST: Jan Consumer Confidence Previous: 88.6 Forecast: 88.0

1/30 8:30am EST: GDP 4th Qtr: Previous: 4.9% Forecast: 1.1%

1/30 2:15am EST: FOMC rate decision: Previous: 3.5% Forecast: 3.0%

1/31 8:30am EST: Dec Consumer Spending: Previous: 1.1% Forecast: .3%

1/31 8:30am EST: Weekly Jobless Claims: Previous: 301K Forecast: 315K

2/1 8:30am EST: Jan Unemployment Rate: Previous: 5.0% Forecast: 5.0%


There is other economic data scheduled to be released this week but I simply pointed out what I think are the "key" indicators! Is your mortgage professional on top of this data and how it could affect the market and in particular your mortgage rate, should you lock or float, do they know how analyze this?

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