What’s on this week’s financial calendar?
The following announcements, events, and reports are scheduled for this week:
Monday, June 17th
Empire State manufacturing survey – June 2024
Philadelphia Fed President Patrick Harker speaks
Fed Governor Lisa Cook speaks
Tuesday, June 18th
U.S. retail sales – May 2024
Retail sales minus autos – May 2024
Industrial production – May 2024
Capacity utilization – May 2024
Business inventories – May 2024
Richmond Fed President Tom Barkin interview
Fed Governor Adriana Kugler speaks
Dallas Fed President Laurie Logan speaks
St. Louis Fed President Alberto Musalem speaks
Chicago Fed President Austan Goolsbee speaks
Wednesday, June 19th
Juneteenth Day holiday
Home builder confidence index – June 2024
Thursday, June 20th
Initial jobless claims – June 15th
U.S. current account – Q2 2024
Housing starts – May 2024
Building permits – May 2024
Philadelphia Fed manufacturing survey – June 2024
Friday, June 21st
S&P flash U.S. services PMI – June 2024
S&P flash U.S. manufacturing PMI – June 2024
Existing home sales – May 2024
U.S. leading economic indicators – May 2024
Is this a good week to lock in a mortgage rate?
According to a recent article from CBS News, this could, in fact, be a very good week to lock a mortgage rate. CBS News cited a recent decline in mortgage rates from their Spring peak, and a housing market that still doesn’t have enough inventory to meet demand.
Mortgage rates are at or near their lowest levels in the last three months. While we can’t predict what the market will do, but it’s clear that rates aren’t as high as they were.
Also, home inventory is increasing, but still far below pre-pandemic levels based on recent data. If you find a house that matches your needs, it’s best not to wait around and hope for a price cut or change in the market.
If you’re ready to lock your mortgage rate, start by applying for a mortgage through Guaranteed Rate!
What does it cost to live in a castle?
Season Two of “House of the Dragon” just premiered, and the royalty of Westeros is known for their impressive homes and castles, but what would it actually cost to live in one? Probably not as much as you would think. The team at Realtor.com took a look at current listings, and found five castle-style homes priced under $1 million.
The most affordable home on the list? What we would call a ‘petite castle’ on sale for $525,000 in Red Feather Lakes, CO. A 733-sq. ft. home only has one bedroom and a half bathroom, but it also comes with more than six acres of land and a turreted structure situated in front of the home. It may not be ideal for a full-time home, but it could make for a great studio or mountain hideaway.
Pre-Approval
in 10 minutes?
in under 10 minutes. Grab a few important documents to get started.
- Tax Returns
- Copies of W-2s (or 1099s for independent contractors,
freelancers and the self-employed) - A payroll stub
- A bank statement
- Loan obligation info (student loans,
auto loans and credit cards)
Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply.
All information provided in this publication is for informational and educational purposes only, and in no way is any of the content contained herein to be construed as financial, investment, or legal advice or instruction. Guaranteed Rate does not guarantee the quality, accuracy, completeness or timelines of the information in this publication. While efforts are made to verify the information provided, the information should not be assumed to be error-free. Some information in the publication may have been provided by third parties and has not necessarily been verified by Guaranteed Rate. Guaranteed Rate its affiliates and subsidiaries do not assume any liability for the information contained herein, be it direct, indirect, consequential, special, or exemplary, or other damages whatsoever and howsoever caused, arising out of or in connection with the use of this publication or in reliance on the information, including any personal or pecuniary loss, whether the action is in contract, tort (including negligence) or other tortious action.
