by Calculated Risk on 7/29/2025 08:09:00 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 75,000 payroll jobs added in June, up from -33,000 in May.
• At 8:30 AM, Gross Domestic Product, 2nd quarter (advance estimate), and annual update. The consensus is that real GDP increased 2.5% annualized in Q2, up from -0.5% in Q1.
• At 10:00 AM, Pending Home Sales Index for June. The consensus is for a 0.3% 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.
