Friday: Personal Income and Outlays, Pending 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 December. The consensus is for a 0.2% increase in personal income, and for a 0.1% decrease in personal spending. And for the Core PCE price index to increase 0.3%.  PCE prices are expected to be up 5.0% YoY, and core PCE prices up 4.4% YoY.

• At 10:00 AM, Pending Home Sales Index for December. The consensus is for a -1.0% decrease in the index.

• Also at 10:00 AM, University of Michigan’s Consumer sentiment index (Final for January). The consensus is for a reading of 64.6.