Wednesday: FOMC Announcement, ADP Employment

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 October. This report is for private payrolls only (no government).  The consensus is for 200,000 jobs added, down from 208,000 in September.

• At 2:00 PM, FOMC Meeting Announcement. The FOMC is expected to raise rates 75bp at this meeting.

• At 2:30 PM, Fed Chair Jerome Powell holds a press briefing following the FOMC announcement.