It’s going to be a busy week economically starting today with existing home sales for the nation to be released at 1100am. Followed by new home sales and consumer confidence on Tuesday, durable goods orders on Wednesday, and the Fed meets on Thursday. We do not expect a rate increase by the Fed based on the fact that core inflation is within their band of tolerance. But, on Friday core personal consumption expenditure price index is to be released. This is what is forecast to be within the Fed’s band of tolerance at 1.9%. If correct, this could bode well for mortgage rates. If the index is higher, then bonds could be in trouble and mortgage interest rates would increase over the short term. Please stay tuned and ensure that your clients stay in close contact with their mortgage professional throughout the week. Thank you for the opportunity to serve you and your clients.