The Week Ahead, July 25, 2022: Five Things to Know
Good morning and happy Monday! Here’s what’s happening this week:
The Week Ahead, July 25, 2022: The Fed and Five Other Things to Know
Good morning and happy Monday! Here’s what’s happening this week:
First, the Federal Reserve. The Federal Open Market Committee is in Washington this week for its regularly scheduled policy meeting. The FOMC meets this Tuesday, July 26 and Wednesday, July 27 and will issue its policy statement Wednesday at 2:00 p.m. ET.
Economists and pundits—including MBA Chief Economist Mike Fratantoni—have the FOMC pegged for another 75 basis-point increase in the Federal Funds rate. But no one is ever absolutely sure until the FOMC issues its statement.
MBA NewsLink will provide coverage of the meeting, with Fratantoni providing commentary and analysis, in the Thursday, July 27 edition.
Second, MBA Reports. Another busy week for MBA. On Tuesday, July 26, MBA releases its monthly Purchase Applications Payment Index, an affordability index that measures how new fixed-rate 30-year purchase mortgage payments vary across time relative to income.
Edward Seiler, MBA Associate Vice President of Housing Economics and Executive Director of the MBA Research Institute for Housing America, will provide commentary and analysis.
MBA also releases its Weekly Applications Survey this Wednesday, July 20, with commentary and analysis from MBA Associate Vice President of Industry and Economic Forecasting Joel Kan.
Third, Other Economic Reports. Housing reports remain on center stage this week, but other aspects of the economy show up in month-end reports as well. In addition to the MBA PAPI, we’ll see the New Residential Sales report from HUD/Census (Tuesday, July 26); and the Pending Home Sales Index from the National Association of Realtors (Wednesday, July 27).
Here are this week’s other economic reports; those that MBA NewsLink will cover are in italics:
Monday: Chicago Fed National Activity Index; Dallas Fed Manufacturing Survey
Tuesday: MBA Purchase Applications Payment Index; New Residential Sales; S&P CoreLogic Case-Shiller Home Price Indices; Consumer Confidence; Philadelphia Fed Non-Manufacturing Survey; Richmond Fed Survey
Wednesday: MBA Weekly Applications Survey; Pending Home Sales Index; Advance Durable Goods
Thursday: Initial Claims; Gross Domestic Product
Friday: Employment Cost Index; Personal Income/PCE Deflator; University of Michigan Consumer Survey (final)
Fourth, Congress. The House and Senate are in session this week.
For more information about the House and Senate, visit www.house.gov and www.senate.gov, respectively. For more information about upcoming hearings in the Senate Banking Committee, click https://www.banking.senate.gov/hearings. For more information about upcoming hearings in the House Financial Services Committee, click https://financialservices.house.gov/calendar/?EventTypeID=577&Congress=117.
Fifth, the MBA Annual Convention & Expo. The biggest real estate finance industry event of the year—the MBA Annual Convention & Expo—has some big-name speakers: Academy Award-winning actress, singer and dancer Rita Moreno and former House Speaker Paul Ryan, R-Wis., will deliver keynote remarks.
MBA Annual22 is less than four months away, taking place Oct. 23-26 at the Music City Center in Nashville. The largest annual gathering of real estate finance professionals, this is the one event you need to gain access to the industry’s power players and innovators.
–Be inspired and get informed by engaging speakers on the Main Stage
–Meet with more than 100 exhibitors in THE HUB and get hands-on access to the latest products and services
–Dive deep into Breakout Sessions to get the insight you need on all the facets of the business
–Connect with industry peers through unparalleled networking opportunities
–Leave MBA ANNUAL22 with more than just great memories. Leave with actionable takeaways for future success.
Register before Aug. 1 and save up to $300.
For more information and to register, click here.
Sixth, Upcoming MBA Conferences. Here is a list of upcoming MBA conferences:
Aug. 29-Sept. 1: MISMO Fall Summit, Washington, D.C.
https://www.mismo.org/events-education/mismo-summit-.
September 8-9: MBA Human Resources Symposium 2022, Hilton Arlington, Va.
Sept. 11-13: MBA Risk Management, QA and Fraud Prevention Forum, Grand Hyatt Nashville
Sept.15-17: NAMMBA Connect 2022, Orlando, Fla.
Sept. 18-20: MBA Regulatory Compliance Conference, Grand Hyatt Washington, D.C.
Oct. 22: mPowering You: MBA’s Summit for Women in Real Estate Finance, Music City Center Nashville
Oct. 23-26: MBA Annual Convention and Expo, Music City Center Nashville
Nov. 8-10: MBA Accounting and Financial Management Conference, JW Marriott Phoenix Desert Ridge Resort & Spa Phoenix
For more information, click the links above or visit https://www.mba.org/conferences-and-education/conferences-and-meetings.
For the most up-to-date information regarding legislative activity at the state and local level, visit the MBA State Legislative Database here.
For information about MBA Education events, visit http://www.mbaeducation.org.
For information about the National Association of Minority Mortgage Bankers of America (NAMMBA), visit https://www.nammba.org/. Enjoy the week!
