Friday: Personal Income & Outlays, New Home Sales

Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios.

Friday:
• At 8:30 AM ET, Personal Income and Outlays for January. The consensus is for a 0.9% increase in personal income, and for a 1.3% increase in personal spending. And for the Core PCE price index to increase 0.4%.  PCE prices are expected to be up 4.9% YoY, and core PCE prices up 4.3% YoY.

• At 10:00 AM, New Home Sales for January from the Census Bureau. The consensus is that new home sales increased to 620 thousand SAAR, down from 616 thousand in December.

• Also at 10:00 AM, University of Michigan's Consumer sentiment index (Final for February). The consensus is for a reading of 66.4.