Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios.
Wednesday:
• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
• At 8:30 AM, The Consumer Price Index for April from the BLS. The consensus is for 0.3% increase in CPI (up 3.4% YoY), and a 0.3% increase in core CPI (up 3.6% YoY).
• Also at 8:30 AM, Retail sales for April is scheduled to be released. The consensus is for 0.4% increase in retail sales.
• Also at 8:30 AM, The New York Fed Empire State manufacturing survey for May. The consensus is for a reading of -10.8, up from -14.3.
• At 10:00 AM, The May NAHB homebuilder survey. The consensus is for a reading of 51 unchanged from 51 last month. Any number below 50 indicates that more builders view sales conditions as poor than good.