Economic Calendar For the Rest of the Week that Influence Mortgage Rates

Tuesday

* Housing Starts(medium impact). Since many believe that until housing picks up, our economy will continue to struggle which makes tracking home sales data of more importance today than in past times.
* Producer Price Index(medium impact) This data gives us a reading of inflation on the producer level. During periods of higher unemployment, producers find it difficult to pass along higher prices to the end consumer which makes this data of less importance than consumer inflation data.

Wednesday

* Mortgage Bankers Association’s (MBA) Application Index (low impact)
* MBA Q1 2010 Delinquency Report. (medium impact)
* Consumer Price Index(high impact) This data gives us a reading on inflation at the consumer level.
* Federal Open Market Committee releases the minutes from the last FOMC meeting (medium to high impact)

Thursday

* Jobless Claims(medium impact)
* Leading Indicators(low impact)
* Philadelphia Fed survey(medium impact) This data gives us a measure of the strength of manufacturing in the Philadelphia region.
* Announcement of the size of next week’s debt offering of 2 year, 5 year and 7 year treasury notes. The Department of Treasury is expected to offer $43billion of 2 year notes, $41billion of 5 year notes and $32billion of 7 year notes.

Friday

* No data