Thursday, January 12, 2017

Friday: Retail Sales, PPI, Consumer Sentiment

by Bill McBride on 1/12/2017 07:39:00 PM

From Matthew Graham at Mortgage News Daily: Mixed Bag For Mortgage Rates Amid Market Volatility

Mortgage rates were mixed today, depending on the lender.
4.125% is still the most prevalent conventional 30yr fixed rate on top tier scenarios, with today's losses seen in the form of higher upfront costs.
emphasis added
• At 8:30 AM ET, Retail sales for December will be released.  The consensus is for 0.7% increase in retail sales in December.

• At 8:30 AM, The Producer Price Index for December from the BLS. The consensus is for a 0.3% increase in prices, and a 0.1% increase in core PPI.

• At 10:00 AM, Manufacturing and Trade: Inventories and Sales (business inventories) report for November.  The consensus is for a 0.6% increase in inventories.

• At 10:00 AM, University of Michigan's Consumer sentiment index (preliminary for January). The consensus is for a reading of 98.6, up from 98.2 in November.