Wednesday: GDP, Personal Income and Outlays, Pending Home Sales
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 8:15 AM, The ADP Employment Report for April. This report is for private payrolls only (no government). The consensus is for 130,000 payroll jobs added in April, down from 155,000 added in March. • At 8:30 AM, Gross Domestic Product, 1st quarter 2025 (Advance estimate). The consensus is that real GDP increased 0.4% annualized in Q1, down from 2.4% in Q4. 9:45 AM, Chicago Purchasing Managers Index for April. The consensus is for a reading of 45.5, down from 47.6 in March. • At 10:00 AM, Personal Income and Outlays, March 2025. The consensus is for a 0.4% increase in personal income, and for a 0.6% increase in personal spending. And for the Core PCE price index to increase 0.1%. PCE prices are expected to be up 2.6% YoY, and core PCE prices up 2.2% YoY. • Also at 10:00 AM, Pending Home Sales Index for March. The consensus is for a 1.0% increase in the index.
Wednesday:
• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
• At 8:15 AM, The ADP Employment Report for April. This report is for private payrolls only (no government). The consensus is for 130,000 payroll jobs added in April, down from 155,000 added in March.
• At 8:30 AM, Gross Domestic Product, 1st quarter 2025 (Advance estimate). The consensus is that real GDP increased 0.4% annualized in Q1, down from 2.4% in Q4.
9:45 AM, Chicago Purchasing Managers Index for April. The consensus is for a reading of 45.5, down from 47.6 in March.
• At 10:00 AM, Personal Income and Outlays, March 2025. The consensus is for a 0.4% increase in personal income, and for a 0.6% increase in personal spending. And for the Core PCE price index to increase 0.1%. PCE prices are expected to be up 2.6% YoY, and core PCE prices up 2.2% YoY.
• Also at 10:00 AM, Pending Home Sales Index for March. The consensus is for a 1.0% increase in the index.