Tuesday, January 19, 2010

Weekly Rate Indicators Preview

This Wednesday brings on the release of the December Producer Price Index and the December Housing Starts and Bulding Permits reports. Neither are expected to have much of a direct impact on mortgage interest rates.

Thursday brings forth the initial jobless claims for the week ended 1/15, which analysts are expecting to see a drop from 444k to 440k which most likely tend to support steady mortgage rates. Other leading indicators of growth in the economy will likely reflect improved expectations. If so, this report will tend to put some slight upward pressure on mortgage interest rates.

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