Remember, as a general rule, weaker than expected economic data is good for rates, while positive data causes rates to rise.
Economic Calendar for the Week of August 17 - August 21
Date ET Economic Report For Estimate Actual Prior Impact
Mon. August 17 08:30 Empire State Index Aug 2.20 -0.55 Moderate
Tue. August 18 08:30 Building Permits Jul 576K 570K Moderate
Tue. August 18 08:30 Housing Starts Jul 598K 582K Moderate
Tue. August 18 08:30 Producer Price Index (PPI) Jul -0.2% 1.8% Moderate
Tue. August 18 08:30 Core Producer Price Index (PPI) Jul 0.1% 0.5% Moderate
Wed. August 19 10:30 Crude Inventories 8/14 NA 2.52M Moderate
Thu. August 20 08:30 Jobless Claims (Initial) 8/15 553K 558K Moderate
Thu. August 20 10:00 Index of Leading Econ Ind (LEI) Jul 0.6% 0.7% Low
Thu. August 20 10:00 Philadelphia Fed Index Aug -2.0 -7.5 HIGH
Fri. August 21 10:00 Existing Home Sales Jul 5.00M 4.80M Moderate
About The Utah Finance Guru!
- Cindee D. Stone
- Loan Officer Interview Q and A: How long have you been in the mortgage business? I have been in the mortgage industry for over 18 years. I have been very blessed and fortunate to have worked with so many wonderful people! How has the mortgage industry changed since you started, and what would you expect in the future? The mortgage industry and changed so much over the last few years. And, continues to change on a daily basis. It is very important to have a loan officer that has the experience to guide you through the process with success. What can borrowers do to insure a smooth mortgage underwriting process? The most common issue during the loan process is getting all of the documents from the borrowers. It is so different now and so much more is needed. This allows us to see the entire picture and make sure it all goes as smooth as possible. What provides you with the most satisfaction in your job as a Loan Officer? Even though the mortgage industry is harder these days, it will never take away the satisfaction and happiness with assisting someone getting into the home of their dreams! Or, helping a homeowner refinance and save money.
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