Market Moving News - February 17

December Durable Goods Orders (Wednesday)

Measures new orders for long-lasting manufactured goods. Strong numbers signal economic strength, which can push bond yields higher and put upward pressure on mortgage rates. Weak numbers suggest a slowing economy, which could bring rates down.

Fed Meeting Minutes (Wednesday)

The minutes from the latest FOMC meeting will give insight into how hawkish or dovish Fed members are feeling about future rate cuts. Any surprise language could move bond markets quickly. A hawkish tone pushes rates up, dovish tone brings them down.

December PCE Inflation Data (Friday)

This is the Fed's preferred inflation gauge. If inflation comes in hotter than expected, expect bond yields and mortgage rates to rise as markets price in fewer rate cuts. A cooler reading would be welcome news for rates and housing affordability.

10 Fed Speaker Events This Week

With this many Fed officials speaking, there's elevated risk of headline-driven volatility in the bond market. Conflicting messages can create choppy rate movement throughout the week. Watch for any consensus forming around the pace of future cuts.

Bottom Line for Housing: This is a data-heavy week. Bond markets will be reactive, and mortgage rates could swing in either direction. Buyers and sellers should stay alert, rate locks and pricing strategies may need to adjust quickly.

Join us Thursday at 10 AM for our live webinar where we'll break down what all of this means for your local market!

‍