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California Economic Indicators – Christmas Week 2008

Economic
Indicator

Release
Date & Time

Consensus
Estimate


Analysis

2-year Treasury Note Auction

Monday, Dec. 22,
1:30 pm, et

None

Important. Notes will be auctioned. Strong demand may lead to lower mortgage rates.

Q3 GDP final revision

Tuesday, Dec. 23,
8:30 am, et

Down 0.5%

Important. The aggregate measure of US economic production. A larger decrease may lead to lower rates.

Existing Home Sales

Tuesday, Dec. 23,
10:00 am, et

Down 1.0%

Low importance. An indication of mortgage credit demand. A significant decrease may lead to lower rates.

U of Michigan Consumer Sentiment

Tuesday, Dec. 23,
10:00 am, et

None

Important. An indication of consumers’ willingness to spend. Weakness may lead to lower mortgage rates.

New Home Sales

Tuesday, Dec. 23,
10:00 am, et

Down 3.0%

Important. An indication of economic strength and credit demand. A decrease may lead to lower rates.

5-year Treasury Note Auction

Tuesday, Dec. 23,
1:30 pm, et

None

Important. Notes will be auctioned. Strong demand may lead to lower mortgage rates.

Durable Goods Orders

Wednesday, Dec. 24,
8:30 am, et

Down 3.1%

Important. An indication of the demand for “big ticket” items. Weakness may lead to lower rates.

Personal Income and Outlays

Wednesday, Dec. 24,
8:30 am, et

Income unchanged,
Outlays down 0.8%

Important. A measure of consumers’ ability to spend. Weakness may lead to lower mortgage rates.

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