With the only notable item on the schedule being the release of the Federal Reserve minutes, which reflect the current stance of the Fed, virtually nothing has changed since the last rate cut. The Federal Reserve is expected to continue its wait-and-see approach.
Primary Mortgage Market Survey Index
- 15-Yr FRM rates saw a decrease of -0.06% with the current rate at 5.44%
- 30-Yr FRM rates saw a decrease of -0.03% with the current rate at 6.15%
MND Rate Index
- 30-Yr FHA rates saw no change for this week. Current rates at 5.85%
- 30-Yr VA rates saw no change for this week. Current rates at 5.87%
Jobless Claims
No release of data due to the holidays.
What’s Ahead
The upcoming week will feature the usual data releases, with the major ones being the Trade Deficit, Consumer Credit, and Consumer Sentiment from the University of Michigan.