From Matthew Graham at Mortgage News Daily: Busy Week With Big Ticket Data And The Fed
Unlike last week, the present example offers multiple scheduled economic reports that have consistent track records of causing market movement. Key examples include both ISM reports, ECI, JOLTS, and of course the jobs report on Friday. The Fed announcement lies smack dab in the middle on Wednesday afternoon where it is all but guaranteed that we’ll see another downshift in the pace of rate hikes (25bps). [30 year fixed 6.21%]
emphasis added
Tuesday:
• At 9:00 AM ET, FHFA House Price Index for November. This was originally a GSE only repeat sales, however there is also an expanded index.
• Also at 9:00 AM, S&P/Case-Shiller House Price Index for November. The consensus is for a 6.9% year-over-year increase in the Comp 20 index.
• At 9:45 AM, Chicago Purchasing Managers Index for January. The consensus is for a reading of 44.9, down from 45.1 in December.
• At 10:00 AM, The Q4 Housing Vacancies and Homeownership report from the Census Bureau.