Thursday, February 25, 2021

Friday: Personal Income and Outlays

by Calculated Risk on 2/25/2021 09:00:00 PM

From Matthew Graham at MortgageNewsDaily: Mortgage Rates Are Now Well Over 3 Percent

Most any mortgage lender added another eighth of a percent to their 30yr fixed rate offerings. Over the course of the past week, most lenders are .25-.375% higher. And compared to the beginning of last week, many lenders are a full HALF POINT higher. In other words, what had been 2.75% is now 3.25%. What had been 2.875% is now 3.375%.
Friday:
• At 8:30 AM ET, Personal Income and Outlays for January. The consensus is for a 10.0% increase in personal income, and for a 2.5% increase in personal spending. And for the Core PCE price index to increase 0.1%.

• At 9:45 AM, Chicago Purchasing Managers Index for February. The consensus is for a reading of 61.0, down from 63.8 in January.

• At 10:00 AM, University of Michigan's Consumer sentiment index (Final for February). The consensus is for a reading of 76.2.