by Calculated Risk on 7/30/2024 07:22:00 PM

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 June. This report is for private payrolls only (no government). The consensus is for 168,000 payroll jobs added in June, up from 150,000 in May.

• At 9:45 AM: Chicago Purchasing Managers Index for July.

• At 10:00 AM: Pending Home Sales Index for June. The consensus is for a 1.5% increase in the index.

• At 2:00 PM: FOMC Meeting Announcement. No change to the Fed Funds rate is expected.

• At 2:30 PM: Fed Chair Jerome Powell holds a press briefing following the FOMC announcement.