Monday Real Estate and Interest rate news

 In the Houston Metro area there are currently:
- 16,788 Active listings
- 7,612 Pending sales
- 4,800+ homes sold every month
Hold on as we go into the summer months which is the busiest time of year for homes sales.

This Week’s Calendar:
         Monday,
           10:00 am Mar pending home sales (+0.6%) as reported
        Tuesday,
            9:00 am Feb Case/Shiller home price index (+13% yr/yr)
           10:00 am Apr consumer confidence index (83.0 from 82.3 in Feb)
        Wednesday,
           7:00 am MBA weekly apps
           8:15 am ADP Apr private jobs (+210K)
           8:30 am Q1 preliminary GDP (+1.1% from +2.6% in Q4; PCE +1 7%)
                        Q1 employment cost index (+0.5%)
           9:45 am Chicago Purchasing Mgrs. index (56.9 from 55.9 in Mach)
           2:00 FOMC policy statement
       Thursday,
           8:30 weekly jobless claims (320K -9K)
                 March personal income and spending (income +0.4%, spending +0.6%)
                  March PCE (+0.2%, +0.1% in Feb)
          10:00 Apr ISM manufacturing index (54.3 from 53.7% in March)
                   March construction spending (+0.6%, +0.1% in Feb)
           No Time April auto and truck sales (12.7 mil from 13.0 mil in March)
      Friday,
           8:30 am April employment data (unemployment 6.6% from 6.7%; non-farm payrolls +215K; private jobs +213K; avg hrly earns. +0.2%)
           10:00 am March factory orders (+1.4%)

With 30 year rates holding in the low 4% range and 15 year interest rates holding in the low 3% range it is still a great time to buy or refinance your home. Don't let the statistics scare your. Remember just a few years ago mortgages were in the 6%'s

Because of the lack of data coming out early in the week I am suggesting that your float your rate and look into locking mid week when job numbers come out. Stay tuned though because things can always change in a moment notice.