Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios.Wednesday:
• At 7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
• During the day: The AIA's Architecture Billings Index for February (a leading indicator for commercial real estate).
• At 2:00 PM: FOMC Meeting Announcement. No change to policy is expected at this meeting.
• At 2:00 PM: FOMC Projections. This will include the Federal Open Market Committee (FOMC) participants' projections of the appropriate target federal funds rate along with updated economic projections.
• At 2:30 PM: Fed Chair Jerome Powell holds a press briefing following the FOMC announcement.