by Calculated Risk September 17, 2024 7:19 PM
Note: Mortgage interest rates are Mortgage News Daily These are for top level scenarios.
Wednesday:
• At 7 a.m. ET, the Mortgage Bankers Association (MBA) Mortgage Purchase Application Index.
• 8:30 a.m. Housing starts The forecast for August rose to SAAR 1.25 million from SAAR 1.238 million.
• During the day, AIA Billings Index of Architecture (leading indicator for commercial real estate) for August.
• 2 p.m. FOMC Meeting AnnouncementThe Fed is expected to cut interest rates by 25 basis points at this meeting.
• Also at 2 p.m. FOMC forecast This includes quarterly economic forecasts along with Federal Open Market Committee (FOMC) participants’ forecasts of the appropriate target federal funds rate.
• 2:30 p.m. Federal Reserve Chairman Jerome Powell A press conference will be held after the FOMC announcement.
