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by Calculated Risk on 12/13/2022 09:01:00 PM
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios.
Wednesday:
o At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
o During the day, The AIA’s Architecture Billings Index for November (a leading indicator for commercial real estate).
o At 2:00 PM, FOMC Meeting Announcement. The FOMC is expected to announce a 50 bp hike in the Fed Funds rate.
o At 2:00 PM, FOMC Forecasts This will include the Federal Open Market Committee (FOMC) participants’ projections of the appropriate target federal funds rate along with the quarterly economic projections.
o At 2:30 PM, Fed Chair Jerome Powell holds a press briefing following the FOMC announcement.
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