What’s Ahead For Mortgage Rates This Week – November 25th, 2024
Following the election results, the University of Michigan's Consumer Sentiment Report painted a less-than-stellar picture, reflecting stagnation in sentiment. The prior week was relatively light, aside from the Consumer Sentiment data. However, the S&P PMI Industrial Numbers provided a brighter outlook, indicating some acceleration in manufacturing activity as the holiday season approaches. Looking ahead, the coming week is expected to deliver more significant data on inflation, including the Federal Reserve's preferred measure, the PCI Index. PMI Services Index The economy sped up in November and kept the U.S. on track for another strong quarter of growth, fueled by optimism about…