Are you currently in the process of buying a home or refinancing in Chicago or vicinity? Trying to decide when to lock can be a stressful and difficult decision. In my job as a mortgage lender, I watch the markets daily to keep my clients abreast of changes to assist them in securing the best mortgage rate possible. Please see my recommendations below.
Short-term (No Change) - LOCK
Long-term - (No Change) LOCK on ANY price improvements as windows for improvement will be small and fleeting.
The week ahead for economic data that can affect mortgage interest rates
Tuesday
- November PPI
- November Retail Sales
- October Inventories
- FOMC Policy Statement
Wednesday
- Weekly MBA Mortgage Applications
- November CPI
- December NY Manufacturing Index
- November Industrial Production
- November Capacity Utilization
- December NAHB Housing Market Index
Thursday
- Weekly Jobless Claims
- November Housing Starts
- November Building Permits
- December Philadelphia Fed Business Index
Friday
- November Leading Market Indicators
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